Weingarten Realty Investors (NYSE:WRI) announced its quarterly earnings data on Sunday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08, MarketWatch Earnings reports. The firm had revenue of $112.10 million during the quarter, compared to analysts’ expectations of $105.25 million. Weingarten Realty Investors had a net margin of 54.62% and a return on equity of 13.20%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share.
Shares of NYSE:WRI traded down $0.04 during midday trading on Tuesday, reaching $26.04. 4,074 shares of the company were exchanged, compared to its average volume of 828,029. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average is $23.14 and its two-hundred day moving average is $20.02. Weingarten Realty Investors has a one year low of $12.21 and a one year high of $30.90. The stock has a market cap of $3.34 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 4.08 and a beta of 1.27.
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Weingarten Realty Investors from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $19.00 to $24.00 in a research note on Monday, December 21st. Wells Fargo & Company raised shares of Weingarten Realty Investors from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $24.00 in a research note on Thursday, December 10th. Finally, Scotiabank raised shares of Weingarten Realty Investors from a “sector perform” rating to a “sector outperform” rating and set a $26.00 price objective for the company in a research note on Thursday, January 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $27.33.
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2020, 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 162 properties which are located in 15 states spanning the country from coast to coast.
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