Wall Street brokerages predict that Weingarten Realty Investors (NYSE:WRI) will report earnings of $0.53 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Weingarten Realty Investors’ earnings, with estimates ranging from $0.53 to $0.54. Weingarten Realty Investors posted earnings per share of $0.57 in the same quarter last year, which would indicate a negative year-over-year growth rate of 7%. The company is expected to report its next quarterly earnings results on Monday, July 29th.

According to Zacks, analysts expect that Weingarten Realty Investors will report full year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.17. For the next financial year, analysts forecast that the firm will report earnings of $2.20 per share, with EPS estimates ranging from $2.17 to $2.23. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Monday, April 29th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.14). The company had revenue of $119.83 million for the quarter, compared to the consensus estimate of $119.40 million. Weingarten Realty Investors had a return on equity of 12.53% and a net margin of 44.16%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share.

Several research analysts have recently weighed in on the company. Zacks Investment Research lowered Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America lowered Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research report on Monday, March 4th. Finally, ValuEngine upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $30.60.

In other news, Director Stephen A. Lasher sold 115,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $29.25, for a total value of $3,363,750.00. Following the completion of the sale, the director now directly owns 101,797 shares in the company, valued at approximately $2,977,562.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of WRI. JPMorgan Chase & Co. boosted its position in shares of Weingarten Realty Investors by 36.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 278,911 shares of the real estate investment trust’s stock valued at $8,301,000 after purchasing an additional 74,745 shares during the period. Renaissance Technologies LLC boosted its position in shares of Weingarten Realty Investors by 40.1% in the 3rd quarter. Renaissance Technologies LLC now owns 89,800 shares of the real estate investment trust’s stock valued at $2,672,000 after purchasing an additional 25,700 shares during the period. Nordea Investment Management AB acquired a new position in shares of Weingarten Realty Investors in the 3rd quarter valued at $9,167,000. Federated Investors Inc. PA boosted its position in shares of Weingarten Realty Investors by 1,592.9% in the 3rd quarter. Federated Investors Inc. PA now owns 1,268,278 shares of the real estate investment trust’s stock valued at $37,744,000 after purchasing an additional 1,193,359 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of Weingarten Realty Investors by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 154,731 shares of the real estate investment trust’s stock valued at $3,839,000 after purchasing an additional 804 shares during the period. Institutional investors own 80.00% of the company’s stock.

Shares of WRI stock traded up $0.06 during mid-day trading on Wednesday, hitting $28.91. The company’s stock had a trading volume of 30,265 shares, compared to its average volume of 730,777. Weingarten Realty Investors has a 52 week low of $23.80 and a 52 week high of $32.02. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.02. The firm has a market cap of $3.73 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.71 and a beta of 0.72.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 7th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.58 annualized dividend and a dividend yield of 5.47%. Weingarten Realty Investors’s dividend payout ratio is presently 69.30%.

About Weingarten Realty Investors

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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