Weingarten Realty Investors (NYSE:WRI) Earns Neutral Rating from Analysts at Compass Point

Compass Point initiated coverage on shares of Weingarten Realty Investors (NYSE:WRI) in a report issued on Thursday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $27.50 price target on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Weingarten Realty Investors from a buy rating to a hold rating in a research note on Saturday, August 3rd. ValuEngine cut shares of Weingarten Realty Investors from a hold rating to a sell rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $28.17.

Weingarten Realty Investors stock opened at $27.15 on Thursday. Weingarten Realty Investors has a 12-month low of $23.80 and a 12-month high of $32.02. The stock has a market capitalization of $3.45 billion, a P/E ratio of 11.91, a P/E/G ratio of 2.58 and a beta of 0.65. The firm’s 50-day moving average is $27.53 and its two-hundred day moving average is $28.48. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.18 and a quick ratio of 2.18.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.12. Weingarten Realty Investors had a net margin of 46.97% and a return on equity of 13.06%. The company had revenue of $119.46 million for the quarter, compared to analysts’ expectations of $119.62 million. During the same period last year, the company earned $0.57 EPS. The firm’s revenue for the quarter was down 13.9% compared to the same quarter last year. As a group, analysts forecast that Weingarten Realty Investors will post 2.08 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, September 6th will be given a $0.395 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.58 annualized dividend and a dividend yield of 5.82%. Weingarten Realty Investors’s dividend payout ratio is presently 69.30%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc purchased a new position in Weingarten Realty Investors in the second quarter valued at approximately $37,000. Advisory Services Network LLC raised its holdings in Weingarten Realty Investors by 32.9% in the second quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 370 shares during the period. First Quadrant L P CA purchased a new position in Weingarten Realty Investors in the first quarter valued at approximately $129,000. Machina Capital S.A.S. purchased a new position in Weingarten Realty Investors in the second quarter valued at approximately $161,000. Finally, Cigna Investments Inc. New purchased a new position in Weingarten Realty Investors in the first quarter valued at approximately $202,000. 78.60% of the stock is currently owned by institutional investors and hedge funds.

About Weingarten Realty Investors

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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Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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