Brokerages Expect Weingarten Realty (WRI) Will Announce Earnings of $0.57 Per Share

Wall Street brokerages expect Weingarten Realty (NYSE:WRI) to announce $0.57 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Weingarten Realty’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.56. Weingarten Realty reported earnings of $0.61 per share during the same quarter last year, which would indicate a negative year over year growth rate of 6.6%. The firm is expected to announce its next quarterly earnings report on Thursday, July 26th.

According to Zacks, analysts expect that Weingarten Realty will report full-year earnings of $2.31 per share for the current year, with EPS estimates ranging from $2.29 to $2.36. For the next year, analysts expect that the firm will report earnings of $2.39 per share, with EPS estimates ranging from $2.36 to $2.46. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Weingarten Realty.

Weingarten Realty (NYSE:WRI) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. Weingarten Realty had a net margin of 80.74% and a return on equity of 24.66%. The firm had revenue of $135.80 million during the quarter, compared to analysts’ expectations of $140.94 million.

Several research analysts have commented on the stock. Zacks Investment Research cut shares of Weingarten Realty from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. TheStreet cut shares of Weingarten Realty from a “b-” rating to a “c+” rating in a report on Thursday, February 15th. ValuEngine cut shares of Weingarten Realty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Weingarten Realty in a report on Thursday, April 26th. Finally, SunTrust Banks upgraded shares of Weingarten Realty from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Weingarten Realty currently has an average rating of “Hold” and a consensus target price of $31.17.

NYSE WRI traded down $0.11 on Thursday, hitting $27.02. 455,231 shares of the stock were exchanged, compared to its average volume of 816,433. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.01. Weingarten Realty has a fifty-two week low of $27.09 and a fifty-two week high of $27.44. The stock has a market capitalization of $3.47 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 3.24 and a beta of 0.52.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 8th will be issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Thursday, June 7th. Weingarten Realty’s dividend payout ratio (DPR) is presently 64.49%.

Several large investors have recently modified their holdings of the company. Eqis Capital Management Inc. lifted its position in shares of Weingarten Realty by 20.1% during the 4th quarter. Eqis Capital Management Inc. now owns 10,827 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 1,813 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of Weingarten Realty by 29.9% during the 4th quarter. Flinton Capital Management LLC now owns 8,192 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 1,888 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Weingarten Realty by 8.1% during the 1st quarter. Hsbc Holdings PLC now owns 26,148 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 1,960 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Weingarten Realty by 3.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,758 shares of the real estate investment trust’s stock worth $1,762,000 after buying an additional 2,160 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Weingarten Realty by 17.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 15,200 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 82.11% of the company’s stock.

Weingarten Realty Company Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At December 31, 2017, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 204 properties which are located in 17 states spanning the country from coast to coast.

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Earnings History and Estimates for Weingarten Realty (NYSE:WRI)

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