The Equities Analysts Set Expectations for Weingarten Realty Investors’ FY2019 Earnings (WRI)

The Equities Analysts Set Expectations for Weingarten Realty Investors’ FY2019 Earnings (WRI)

Weingarten Realty Investors (NYSE:WRI) – Equities research analysts at Capital One Financial Corporation issued their FY2019 earnings per share (EPS) estimates for Weingarten Realty Investors in a report released on Tuesday. Capital One Financial Corporation analyst C. Lucas forecasts that the real estate investment trust will earn $2.58 per share for the year.

Several other analysts have also commented on WRI. TheStreet upgraded shares of Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co restated a “neutral” rating and issued a $35.00 price objective (down from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. Boenning Scattergood set a $30.00 price objective on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. Finally, BidaskClub upgraded shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Weingarten Realty Investors has a consensus rating of “Hold” and an average target price of $33.50.

Weingarten Realty Investors (NYSE:WRI) traded down 1.80% on Wednesday, hitting $31.08. The stock had a trading volume of 854,965 shares. The company has a market cap of $3.99 billion, a P/E ratio of 20.90 and a beta of 0.72. The stock’s 50-day moving average is $32.18 and its 200-day moving average is $31.88. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $36.88.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Telos Capital Management Inc. lifted its holdings in Weingarten Realty Investors by 0.3% in the second quarter. Telos Capital Management Inc. now owns 13,022 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 45 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Weingarten Realty Investors by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 28,631 shares of the real estate investment trust’s stock worth $862,000 after buying an additional 83 shares during the period. Anchor Capital Advisors LLC lifted its holdings in Weingarten Realty Investors by 1.1% in the second quarter. Anchor Capital Advisors LLC now owns 9,150 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 100 shares during the period. Creative Planning lifted its holdings in Weingarten Realty Investors by 1.5% in the second quarter. Creative Planning now owns 7,592 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 109 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Weingarten Realty Investors by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 6,557 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 8th will be issued a $0.385 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.54 annualized dividend and a yield of 4.95%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 104.76%.

About Weingarten Realty Investors

Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.

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