Weingarten Realty Investors (NYSE:WRI) announced its quarterly earnings results on Sunday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.08, MarketWatch Earnings reports. The business had revenue of $112.10 million for the quarter, compared to the consensus estimate of $105.25 million. Weingarten Realty Investors had a return on equity of 13.20% and a net margin of 54.62%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS.
Shares of NYSE WRI opened at $26.08 on Tuesday. Weingarten Realty Investors has a 12 month low of $12.21 and a 12 month high of $30.90. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 4.08 and a beta of 1.27. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $23.14 and a 200-day simple moving average of $20.02.
A number of brokerages have issued reports on WRI. JPMorgan Chase & Co. upgraded Weingarten Realty Investors from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $19.00 to $24.00 in a research report on Monday, December 21st. Scotiabank upgraded Weingarten Realty Investors from a “sector perform” rating to a “sector outperform” rating and set a $26.00 price objective for the company in a report on Thursday, January 28th. Finally, Wells Fargo & Company upgraded Weingarten Realty Investors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $24.00 in a report on Thursday, December 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $27.33.
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2020, 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 162 properties which are located in 15 states spanning the country from coast to coast.
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