Weingarten Realty Investors (NYSE:WRI) – Equities researchers at Jefferies Financial Group issued their Q1 2021 EPS estimates for shares of Weingarten Realty Investors in a research report issued on Wednesday, April 10th, according to Zacks Investment Research. Jefferies Financial Group analyst O. Okusanya expects that the real estate investment trust will post earnings of $0.56 per share for the quarter.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.14). The business had revenue of $119.83 million during the quarter, compared to the consensus estimate of $119.40 million. Weingarten Realty Investors had a return on equity of 12.53% and a net margin of 44.16%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share.
Shares of WRI traded down $0.01 during mid-day trading on Thursday, reaching $29.16. The company’s stock had a trading volume of 859,865 shares, compared to its average volume of 864,689. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 3.00 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.54 and a current ratio of 1.87. Weingarten Realty Investors has a 52 week low of $23.80 and a 52 week high of $32.02.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 7th will be issued a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.58 dividend on an annualized basis and a yield of 5.42%. Weingarten Realty Investors’s dividend payout ratio is currently 69.30%.
In related news, Director Stephen A. Lasher sold 115,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $29.25, for a total transaction of $3,363,750.00. Following the completion of the sale, the director now directly owns 101,797 shares in the company, valued at approximately $2,977,562.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue raised its holdings in Weingarten Realty Investors by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 52,318 shares of the real estate investment trust’s stock worth $1,535,000 after purchasing an additional 447 shares in the last quarter. Utah Retirement Systems raised its holdings in Weingarten Realty Investors by 1.6% in the 4th quarter. Utah Retirement Systems now owns 32,412 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 500 shares in the last quarter. Raymond James & Associates raised its holdings in Weingarten Realty Investors by 4.9% in the 4th quarter. Raymond James & Associates now owns 11,446 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 538 shares in the last quarter. Ramsey Quantitative Systems raised its holdings in Weingarten Realty Investors by 6.7% in the 4th quarter. Ramsey Quantitative Systems now owns 11,462 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 722 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Weingarten Realty Investors by 4.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 19,600 shares of the real estate investment trust’s stock worth $576,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 79.12% of the company’s stock.
Weingarten Realty Investors Company Profile
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, 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 177 properties which are located in 17 states spanning the country from coast to coast.
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