Weingarten Realty Investors (NYSE:WRI) Expected to Announce Earnings of $0.53 Per Share

Share on StockTwits

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.

Recommended Story: How to calculate the annual rate of depreciation

Get a free copy of the Zacks research report on Weingarten Realty Investors (WRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Weingarten Realty Investors (NYSE:WRI)

Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Novanta  Rating Lowered to Hold at BidaskClub
Novanta Rating Lowered to Hold at BidaskClub
BidaskClub Downgrades Malibu Boats  to Sell
BidaskClub Downgrades Malibu Boats to Sell
Materialise  Stock Rating Upgraded by BidaskClub
Materialise Stock Rating Upgraded by BidaskClub
Rio Tinto  Stock Rating Lowered by Renaissance Capital
Rio Tinto Stock Rating Lowered by Renaissance Capital
Credit Suisse Group Upgrades Ctrip.Com International  to Outperform
Credit Suisse Group Upgrades Ctrip.Com International to Outperform
AtriCure  Raised to “Buy” at Zacks Investment Research
AtriCure Raised to “Buy” at Zacks Investment Research


 
© 2006-2019 Zolmax.