Weingarten Realty Investors (NYSE:WRI) has been given a consensus broker rating score of 3.00 (Hold) from the nine brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation, seven have assigned a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 12-month consensus price objective of $42.00 for the company and are forecasting that the company will post $0.58 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Weingarten Realty Investors an industry rank of 82 out of 265 based on the ratings given to its competitors.
WRI has been the topic of a number of research analyst reports. Jefferies Group reissued a “hold” rating on shares of Weingarten Realty Investors in a report on Tuesday, August 23rd. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Citigroup Inc. lifted their price objective on Weingarten Realty Investors from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, August 12th. Finally, Boenning Scattergood initiated coverage on Weingarten Realty Investors in a research note on Tuesday, June 28th. They issued an “underperform” rating and a $35.50 price objective on the stock.
Shares of Weingarten Realty Investors (NYSE:WRI) opened at 38.25 on Thursday. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 20.63 and a beta of 0.81. Weingarten Realty Investors has a 52 week low of $31.89 and a 52 week high of $43.70. The company has a 50-day moving average price of $40.35 and a 200-day moving average price of $39.44.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Weingarten Realty Investors had a return on equity of 14.66% and a net margin of 44.98%. The company had revenue of $135.70 million for the quarter, compared to analysts’ expectations of $129.52 million. During the same period in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities analysts anticipate that Weingarten Realty Investors will post $2.30 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 8th were given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Tuesday, September 6th. Weingarten Realty Investors’s dividend payout ratio is currently 78.49%.
In other news, CEO Andrew M. Alexander sold 5,731 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$41.59, for a total transaction of C$238,352.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stephen C. Richter sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of C$42.80, for a total value of C$770,400.00. Following the transaction, the chief financial officer now directly owns 266,593 shares in the company, valued at approximately C$11,410,180.40. The disclosure for this sale can be found here. Insiders own 8.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. BB&T Securities LLC bought a new position in Weingarten Realty Investors during the first quarter valued at $387,000. Adell Harriman & Carpenter Inc. increased its position in Weingarten Realty Investors by 13.5% in the first quarter. Adell Harriman & Carpenter Inc. now owns 9,414 shares of the real estate investment trust’s stock valued at $353,000 after buying an additional 1,121 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Weingarten Realty Investors during the first quarter valued at $997,000. JPMorgan Chase & Co. increased its position in Weingarten Realty Investors by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 205,597 shares of the real estate investment trust’s stock valued at $7,714,000 after buying an additional 15,107 shares in the last quarter. Finally, BlackRock Japan Co. Ltd increased its position in Weingarten Realty Investors by 266.8% in the first quarter. BlackRock Japan Co. Ltd now owns 35,016 shares of the real estate investment trust’s stock valued at $1,314,000 after buying an additional 25,470 shares in the last quarter. 80.60% of the stock is currently owned by hedge funds and other 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. It is engaged in the business of owning, managing and developing retail shopping centers. Its properties consist primarily of neighborhood and community shopping centers.
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