Weingarten Realty Investors (WRI) Earning Favorable Media Coverage, Report Shows

News articles about Weingarten Realty Investors (NYSE:WRI) have been trending positive on Monday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Weingarten Realty Investors earned a news impact score of 0.26 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.7539145549192 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

WRI opened at $27.94 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $3,589.09, a price-to-earnings ratio of 11.40, a P/E/G ratio of 3.19 and a beta of 0.53. Weingarten Realty Investors has a twelve month low of $25.96 and a twelve month high of $35.62.

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Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.69. The firm had revenue of $135.80 million for the quarter, compared to analysts’ expectations of $140.94 million. Weingarten Realty Investors had a net margin of 58.81% and a return on equity of 18.88%. research analysts anticipate that Weingarten Realty Investors will post 2.31 earnings per share for the current fiscal year.

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

Several research firms recently weighed in on WRI. Bank of America upgraded shares of Weingarten Realty Investors from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, March 1st. Citigroup cut their price target on shares of Weingarten Realty Investors from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Jefferies Group restated a “hold” rating and set a $29.00 price target on shares of Weingarten Realty Investors in a report on Tuesday, February 27th. Boenning Scattergood restated a “hold” rating on shares of Weingarten Realty Investors in a report on Friday, February 23rd. Finally, Capital One Financial cut shares of Weingarten Realty Investors from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.00.

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About Weingarten Realty Investors

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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