Wall Street analysts expect that Weingarten Realty Investors (NYSE:WRI) will announce $0.58 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Weingarten Realty Investors’ earnings. The highest EPS estimate is $0.58 and the lowest is $0.57. Weingarten Realty Investors reported earnings per share of $0.61 during the same quarter last year, which would indicate a negative year over year growth rate of 4.9%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 23rd.
On average, analysts expect that Weingarten Realty Investors will report full-year earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.35. For the next fiscal year, analysts forecast that the firm will report earnings of $2.37 per share, with EPS estimates ranging from $2.31 to $2.41. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Weingarten Realty Investors had a return on equity of 24.90% and a net margin of 83.46%. The company had revenue of $138.50 million for the quarter, compared to analyst estimates of $128.13 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Weingarten Realty Investors by 0.3% in the second quarter. BlackRock Inc. now owns 14,746,099 shares of the real estate investment trust’s stock valued at $454,329,000 after buying an additional 39,597 shares in the last quarter. Centersquare Investment Management LLC purchased a new stake in shares of Weingarten Realty Investors in the first quarter valued at approximately $101,600,000. Bank of New York Mellon Corp boosted its stake in shares of Weingarten Realty Investors by 27.3% in the second quarter. Bank of New York Mellon Corp now owns 2,827,494 shares of the real estate investment trust’s stock valued at $87,116,000 after buying an additional 606,540 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Weingarten Realty Investors by 7.7% in the first quarter. Northern Trust Corp now owns 2,061,621 shares of the real estate investment trust’s stock valued at $57,891,000 after buying an additional 146,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Weingarten Realty Investors by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,900,188 shares of the real estate investment trust’s stock valued at $58,546,000 after buying an additional 26,419 shares in the last quarter. Hedge funds and other institutional investors own 77.30% of the company’s stock.
Shares of Weingarten Realty Investors traded down $0.30, hitting $30.02, during midday trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 235,706 shares, compared to its average volume of 464,551. Weingarten Realty Investors has a 52-week low of $25.67 and a 52-week high of $33.83. The company has a market capitalization of $3.88 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 3.67 and a beta of 0.53. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, September 7th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.26%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 64.49%.
Weingarten Realty Investors Company Profile
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2018, 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 196 properties which are located in 17 states spanning the country from coast to coast.
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