Weingarten Realty Investors (WRI) Forecasted to Post Q1 2019 Earnings of $0.55 Per Share

Weingarten Realty Investors (NYSE:WRI) – Equities research analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for shares of Weingarten Realty Investors in a report released on Monday, October 29th. Jefferies Financial Group analyst O. Okusanya forecasts that the real estate investment trust will post earnings of $0.55 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $30.00 target price on the stock. Jefferies Financial Group also issued estimates for Weingarten Realty Investors’ Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.58 EPS, Q1 2020 earnings at $0.56 EPS, Q2 2020 earnings at $0.57 EPS and Q3 2020 earnings at $0.60 EPS.

Other equities research analysts have also issued research reports about the stock. BTIG Research initiated coverage on shares of Weingarten Realty Investors in a report on Wednesday, August 1st. They set a “buy” rating and a $34.00 price objective on the stock. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Co increased their price objective on shares of Weingarten Realty Investors from $27.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Weingarten Realty Investors from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Finally, Scotiabank initiated coverage on shares of Weingarten Realty Investors in a report on Tuesday, October 16th. They set a “sector perform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $31.33.



Shares of NYSE:WRI opened at $28.12 on Tuesday. Weingarten Realty Investors has a 12 month low of $25.67 and a 12 month high of $33.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.23 and a current ratio of 1.27. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 2.94 and a beta of 0.47.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.12. Weingarten Realty Investors had a net margin of 80.35% and a return on equity of 22.88%. The firm had revenue of $125.26 million for the quarter, compared to analyst estimates of $126.36 million.

Hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System raised its position in shares of Weingarten Realty Investors by 2.2% in the 3rd quarter. Arizona State Retirement System now owns 84,574 shares of the real estate investment trust’s stock valued at $2,517,000 after acquiring an additional 1,831 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Weingarten Realty Investors by 2.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,484 shares of the real estate investment trust’s stock valued at $3,835,000 after acquiring an additional 2,821 shares during the period. Xact Kapitalforvaltning AB raised its position in shares of Weingarten Realty Investors by 23.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,597 shares of the real estate investment trust’s stock valued at $573,000 after acquiring an additional 3,500 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Weingarten Realty Investors by 1.5% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 253,235 shares of the real estate investment trust’s stock valued at $7,536,000 after acquiring an additional 3,625 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of Weingarten Realty Investors by 9.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 41,748 shares of the real estate investment trust’s stock valued at $1,286,000 after acquiring an additional 3,652 shares during the period. 77.16% of the stock is currently owned by institutional investors.

In other news, CFO Stephen C. Richter sold 102,454 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $30.83, for a total value of $3,158,656.82. Following the transaction, the chief financial officer now owns 351,286 shares of the company’s stock, valued at approximately $10,830,147.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew M. Alexander sold 126,730 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $30.71, for a total transaction of $3,891,878.30. Following the completion of the transaction, the chief executive officer now directly owns 1,263,172 shares in the company, valued at approximately $38,792,012.12. The disclosure for this sale can be found here. 7.50% of the stock is currently owned by company insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, December 7th will be paid a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Thursday, December 6th. 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 June 30, 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 190 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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