Weingarten Realty Investors (NYSE:WRI) – Analysts at Jefferies Group decreased their FY2016 earnings per share (EPS) estimates for shares of Weingarten Realty Investors in a research report issued on Wednesday. Jefferies Group analyst G. Hoglund now forecasts that the firm will earn $2.31 per share for the year, down from their prior estimate of $2.32. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Weingarten Realty Investors’ Q4 2016 earnings at $0.58 EPS, FY2017 earnings at $2.42 EPS and FY2018 earnings at $2.55 EPS.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $0.58 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. Weingarten Realty Investors had a return on equity of 14.82% and a net margin of 45.71%. The company had revenue of $129.70 million for the quarter, compared to analyst estimates of $134.50 million. During the same quarter in the prior year, the firm posted $0.56 EPS. Weingarten Realty Investors’s quarterly revenue was up 6.3% compared to the same quarter last year.

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

WRI has been the topic of several other reports. Zacks Investment Research raised Weingarten Realty Investors from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Friday, November 4th. Citigroup Inc. raised their price objective on Weingarten Realty Investors from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, August 12th. Finally, Boenning Scattergood raised Weingarten Realty Investors from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 18th.

Shares of Weingarten Realty Investors (NYSE:WRI) opened at 35.12 on Friday. The company’s 50-day moving average price is $37.09 and its 200 day moving average price is $39.21. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 18.32 and a beta of 0.84. Weingarten Realty Investors has a 12-month low of $31.89 and a 12-month high of $43.70.

Several hedge funds have recently modified their holdings of WRI. CT Financial Advisors LLC increased its position in shares of Weingarten Realty Investors by 0.3% in the third quarter. CT Financial Advisors LLC now owns 4,077 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 13 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Weingarten Realty Investors by 0.4% in the third quarter. Neuberger Berman Group LLC now owns 6,808 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 30 shares during the last quarter. Synovus Financial Corp increased its position in shares of Weingarten Realty Investors by 0.6% in the second quarter. Synovus Financial Corp now owns 5,425 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 33 shares during the last quarter. World Asset Management Inc increased its position in shares of Weingarten Realty Investors by 0.9% in the second quarter. World Asset Management Inc now owns 8,401 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 75 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its position in shares of Weingarten Realty Investors by 1.1% in the second quarter. Commonwealth Equity Services Inc now owns 7,787 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 81 shares during the last quarter. 80.66% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Stephen A. Lasher sold 33,313 shares of Weingarten Realty Investors stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of C$41.81, for a total value of C$1,392,816.53. Following the sale, the director now directly owns 244,596 shares of the company’s stock, valued at C$10,226,558.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew M. Alexander sold 55,597 shares of Weingarten Realty Investors stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of C$41.67, for a total value of C$2,316,726.99. Following the completion of the sale, the chief executive officer now directly owns 1,102,871 shares in the company, valued at C$45,956,634.57. The disclosure for this sale can be found here. 8.80% of the stock is owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 8th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, December 6th. Weingarten Realty Investors’s dividend payout ratio is presently 76.44%.

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. 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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