$131.78 Million in Sales Expected for Weingarten Realty Investors (WRI) This Quarter

Wall Street analysts expect Weingarten Realty Investors (NYSE:WRI) to announce $131.78 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Weingarten Realty Investors’ earnings, with estimates ranging from $126.26 million to $137.06 million. Weingarten Realty Investors reported sales of $140.82 million during the same quarter last year, which indicates a negative year over year growth rate of 6.4%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, April 24th.

On average, analysts expect that Weingarten Realty Investors will report full-year sales of $131.78 million for the current fiscal year, with estimates ranging from $507.10 million to $557.33 million. For the next financial year, analysts forecast that the business will report sales of $543.53 million per share, with estimates ranging from $512.90 million to $583.47 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Weingarten Realty Investors.

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Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.69. The business had revenue of $135.80 million for the quarter, compared to the consensus estimate of $140.94 million. Weingarten Realty Investors had a net margin of 58.81% and a return on equity of 18.88%.

WRI has been the topic of several analyst reports. Boenning Scattergood upgraded Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a research report on Thursday, December 14th. Jefferies Group set a $33.00 price target on Weingarten Realty Investors and gave the company a “hold” rating in a research report on Friday, December 15th. ValuEngine cut Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. SunTrust Banks upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.00.

Shares of WRI opened at $27.94 on Friday. Weingarten Realty Investors has a twelve month low of $25.96 and a twelve month high of $35.62. The stock has a market cap of $3,646.89, a PE ratio of 11.40, a P/E/G ratio of 3.24 and a beta of 0.53. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 8th were given a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend was Wednesday, March 7th. Weingarten Realty Investors’s dividend payout ratio is presently 64.49%.

Several hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB bought a new position in shares of Weingarten Realty Investors in the fourth quarter worth approximately $355,000. Envestnet Asset Management Inc. increased its position in shares of Weingarten Realty Investors by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 31,031 shares of the real estate investment trust’s stock worth $1,019,000 after purchasing an additional 3,577 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Weingarten Realty Investors in the fourth quarter worth approximately $2,484,000. Jane Street Group LLC bought a new position in shares of Weingarten Realty Investors in the fourth quarter worth approximately $320,000. Finally, Verition Fund Management LLC increased its position in shares of Weingarten Realty Investors by 62.5% in the fourth quarter. Verition Fund Management LLC now owns 18,433 shares of the real estate investment trust’s stock worth $606,000 after purchasing an additional 7,089 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

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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.

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

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