Weingarten Realty Investors (WRI) Expected to Post Earnings of $0.53 Per Share

Equities research analysts expect Weingarten Realty Investors (NYSE:WRI) to post earnings per share (EPS) of $0.53 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Weingarten Realty Investors’ earnings. The lowest EPS estimate is $0.52 and the highest is $0.54. Weingarten Realty Investors posted earnings of $0.57 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 7%. The business is expected to report its next quarterly earnings results after the market closes on Monday, April 29th.

On average, analysts expect that Weingarten Realty Investors will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.13 to $2.22. For the next fiscal year, analysts forecast that the firm will post earnings of $2.20 per share, with EPS estimates ranging from $2.17 to $2.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). Weingarten Realty Investors had a return on equity of 17.27% and a net margin of 61.68%. The business had revenue of $127.81 million during the quarter, compared to analysts’ expectations of $123.99 million. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s quarterly revenue was down 8.3% on a year-over-year basis.

WRI has been the subject of a number of analyst reports. ValuEngine upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $28.00 price target on shares of Weingarten Realty Investors in a research note on Monday, December 17th. Capital One Financial upgraded Weingarten Realty Investors from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 19th. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, December 20th. Finally, Bank of America lowered Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research note on Monday, March 4th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.60.

WRI stock traded down $0.02 during trading on Friday, reaching $29.37. The company’s stock had a trading volume of 1,331,875 shares, compared to its average volume of 1,081,870. Weingarten Realty Investors has a 1 year low of $23.80 and a 1 year high of $32.02. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $3.78 billion, a PE ratio of 12.88, a PEG ratio of 3.03 and a beta of 0.74.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were given a dividend of $0.395 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.38%. Weingarten Realty Investors’s payout ratio is 69.30%.

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Weingarten Realty Investors during the fourth quarter valued at about $81,000. Ipswich Investment Management Co. Inc. purchased a new position in shares of Weingarten Realty Investors during the fourth quarter valued at about $84,000. Pinnacle Bank purchased a new position in shares of Weingarten Realty Investors during the fourth quarter valued at about $102,000. Lasalle Investment Management Securities LLC purchased a new position in shares of Weingarten Realty Investors during the fourth quarter valued at about $110,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Weingarten Realty Investors by 28.0% during the third quarter. Tower Research Capital LLC TRC now owns 8,041 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 1,757 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Weingarten Realty Investors Company Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At December 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 178 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 Investors (NYSE:WRI)

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