Brokerages Anticipate Weingarten Realty Investors (NYSE:WRI) Will Post Earnings of $0.53 Per Share

Wall Street brokerages expect that Weingarten Realty Investors (NYSE:WRI) will report earnings per share of $0.53 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Weingarten Realty Investors’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.52. Weingarten Realty Investors posted earnings per share of $0.55 in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.6%. The company is scheduled to report its next earnings report on Wednesday, February 19th.

On average, analysts expect that Weingarten Realty Investors will report full year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.07 to $2.10. For the next financial year, analysts anticipate that the business will report earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.18. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.30. Weingarten Realty Investors had a return on equity of 16.75% and a net margin of 60.55%. The business had revenue of $117.38 million for the quarter, compared to the consensus estimate of $117.85 million. During the same period in the prior year, the business earned $0.58 earnings per share. The business’s revenue was down 6.5% on a year-over-year basis.

Several analysts have recently issued reports on WRI shares. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Compass Point upgraded Weingarten Realty Investors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $30.00 to $33.00 in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan lifted its position in Weingarten Realty Investors by 1.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 22,120 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 360 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in Weingarten Realty Investors by 1.1% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 34,487 shares of the real estate investment trust’s stock worth $1,005,000 after buying an additional 366 shares during the period. 6 Meridian lifted its position in Weingarten Realty Investors by 2.1% during the second quarter. 6 Meridian now owns 17,928 shares of the real estate investment trust’s stock worth $492,000 after buying an additional 367 shares during the period. Advisory Services Network LLC lifted its position in Weingarten Realty Investors by 32.9% during the second quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 370 shares during the period. Finally, Putnam Investments LLC lifted its position in Weingarten Realty Investors by 0.4% during the second quarter. Putnam Investments LLC now owns 135,131 shares of the real estate investment trust’s stock worth $3,705,000 after buying an additional 483 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Shares of NYSE:WRI remained flat at $$31.18 on Friday. The stock had a trading volume of 1,196,835 shares, compared to its average volume of 907,745. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.14 and a current ratio of 2.14. Weingarten Realty Investors has a twelve month low of $23.80 and a twelve month high of $32.17. The business has a 50-day moving average of $31.00 and a 200 day moving average of $28.70. The firm has a market capitalization of $4.01 billion, a P/E ratio of 13.68, a PEG ratio of 4.97 and a beta of 0.63.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.58 annualized dividend and a yield of 5.07%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 69.30%.

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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Earnings History and Estimates for Weingarten Realty Investors (NYSE:WRI)

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