Brokerages expect Weingarten Realty Investors (NYSE:WRI) to announce $0.53 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Weingarten Realty Investors’ earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.53. Weingarten Realty Investors posted earnings of $0.57 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 7%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, July 31st.
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 $2.15. For the next fiscal year, analysts forecast that the company will report earnings of $2.20 per share, with EPS estimates ranging from $2.17 to $2.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.14). Weingarten Realty Investors had a net margin of 44.16% and a return on equity of 12.53%. The company had revenue of $119.83 million for the quarter, compared to analyst estimates of $119.40 million. During the same period in the prior year, the company earned $0.57 EPS. The company’s revenue was down 7.2% compared to the same quarter last year.
A number of research analysts have recently commented on WRI shares. Zacks Investment Research downgraded shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. ValuEngine downgraded shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Bank of America downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.60.
Shares of NYSE WRI traded up $0.17 on Friday, reaching $27.42. 1,425,858 shares of the company traded hands, compared to its average volume of 1,069,087. Weingarten Realty Investors has a fifty-two week low of $23.80 and a fifty-two week high of $32.02. The firm’s 50 day moving average is $28.52. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $3.53 billion, a PE ratio of 12.03, a PEG ratio of 2.57 and a beta of 0.70.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 7th were given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date was Thursday, June 6th. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 69.30%.
In related news, Director Stephen A. Lasher sold 115,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $29.25, for a total transaction of $3,363,750.00. Following the completion of the sale, the director now owns 101,797 shares of the company’s stock, valued at approximately $2,977,562.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of WRI. Canada Pension Plan Investment Board increased its position in Weingarten Realty Investors by 19.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 74,500 shares of the real estate investment trust’s stock worth $1,848,000 after purchasing an additional 11,900 shares in the last quarter. Comerica Bank increased its position in Weingarten Realty Investors by 3.1% during the 4th quarter. Comerica Bank now owns 78,129 shares of the real estate investment trust’s stock worth $2,201,000 after purchasing an additional 2,346 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Weingarten Realty Investors during the 4th quarter worth approximately $81,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Weingarten Realty Investors by 4.9% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,291 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 999 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Weingarten Realty Investors in the 4th quarter worth approximately $353,000. 78.52% of the stock is owned by hedge funds and other institutional investors.
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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