Weingarten Realty Investors (NYSE:WRI) – Analysts at Capital One Financial issued their Q1 2021 EPS estimates for Weingarten Realty Investors in a research report issued on Thursday, August 1st. Capital One Financial analyst C. Lucas forecasts that the real estate investment trust will earn $0.55 per share for the quarter. Capital One Financial also issued estimates for Weingarten Realty Investors’ Q2 2021 earnings at $0.57 EPS.
A number of other equities research analysts have also recently commented on WRI. ValuEngine cut Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. Zacks Investment Research cut Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Weingarten Realty Investors currently has a consensus rating of “Hold” and a consensus target price of $29.75.
Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. Weingarten Realty Investors had a return on equity of 13.06% and a net margin of 46.97%. The company had revenue of $119.46 million during the quarter, compared to analysts’ expectations of $119.62 million. During the same period last year, the business posted $0.57 earnings per share. The firm’s revenue was down 13.9% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Weingarten Realty Investors by 35.6% in the first quarter. JPMorgan Chase & Co. now owns 4,525,996 shares of the real estate investment trust’s stock valued at $132,928,000 after purchasing an additional 1,188,319 shares during the period. Ronna Sue Cohen acquired a new position in shares of Weingarten Realty Investors in the first quarter valued at about $3,965,000. Geode Capital Management LLC increased its holdings in shares of Weingarten Realty Investors by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 1,613,004 shares of the real estate investment trust’s stock valued at $40,018,000 after purchasing an additional 79,041 shares during the period. Norges Bank acquired a new position in shares of Weingarten Realty Investors in the fourth quarter valued at about $34,926,000. Finally, Barings LLC increased its holdings in shares of Weingarten Realty Investors by 81.4% in the first quarter. Barings LLC now owns 1,041,640 shares of the real estate investment trust’s stock valued at $30,593,000 after purchasing an additional 467,427 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, September 6th will be issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Thursday, September 5th. Weingarten Realty Investors’s dividend payout ratio is presently 69.30%.
Weingarten Realty Investors Company Profile
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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