Several other research firms also recently commented on WRI. Robert W. Baird began coverage on shares of Weingarten Realty Investors in a research note on Thursday, April 20th. They set an “outperform” rating and a $41.00 price target on the stock. Jefferies Group LLC reissued a “hold” rating and set a $37.00 price target on shares of Weingarten Realty Investors in a research note on Monday, April 24th. TheStreet downgraded shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a research note on Monday, April 24th. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, BidaskClub raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Weingarten Realty Investors presently has an average rating of “Hold” and a consensus target price of $37.60.
Weingarten Realty Investors (NYSE:WRI) – Equities researchers at Boenning Scattergood increased their Q2 2018 EPS estimates for Weingarten Realty Investors in a research note issued on Monday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will earn $0.63 per share for the quarter, up from their previous forecast of $0.62. Boenning Scattergood currently has a “Sell” rating and a $30.00 target price on the stock.
Weingarten Realty Investors (WRI) traded down 1.58% during mid-day trading on Tuesday, hitting $32.42. 318,995 shares of the stock traded hands. The stock has a market capitalization of $4.16 billion, a PE ratio of 21.79 and a beta of 0.72. The company has a 50 day moving average price of $30.82 and a 200-day moving average price of $32.88. Weingarten Realty Investors has a one year low of $29.03 and a one year high of $42.79.
Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $142.96 million for the quarter, compared to analysts’ expectations of $142.34 million. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 104.76%.
Several hedge funds and other institutional investors have recently modified their holdings of WRI. Franklin Parlapiano Turner & Welch LLC acquired a new stake in Weingarten Realty Investors during the first quarter worth $103,000. CT Financial Advisors LLC raised its stake in Weingarten Realty Investors by 0.4% in the first quarter. CT Financial Advisors LLC now owns 4,111 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 18 shares during the last quarter. Pinnacle Bank acquired a new stake in Weingarten Realty Investors during the first quarter worth $138,000. Founders Capital Management purchased a new stake in Weingarten Realty Investors during the first quarter worth approximately $140,000. Finally, Westwood Holdings Group Inc. purchased a new stake in Weingarten Realty Investors during the first quarter worth approximately $203,000. 79.98% of the stock is currently owned by institutional investors.
Weingarten Realty Investors Company Profile
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.