Weingarten Realty Investors (NYSE:WRI) – Capital One Financial Corp. lifted their Q4 2016 EPS estimates for Weingarten Realty Investors in a note issued to investors on Sunday. Capital One Financial Corp. analyst C. Lucas now anticipates that the firm will post earnings per share of $0.59 for the quarter, up from their prior forecast of $0.58.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, November 4th. Jefferies Group reiterated a “hold” rating on shares of Weingarten Realty Investors in a report on Tuesday, August 23rd. Boenning Scattergood upgraded shares of Weingarten Realty Investors from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 18th. Finally, Citigroup Inc. lifted their price target on shares of Weingarten Realty Investors from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, August 12th.

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

Shares of Weingarten Realty Investors (NYSE:WRI) opened at 35.51 on Wednesday. Weingarten Realty Investors has a 52 week low of $31.89 and a 52 week high of $43.70. The company’s 50-day moving average is $36.72 and its 200 day moving average is $39.18. The stock has a market capitalization of $4.55 billion, a P/E ratio of 18.55 and a beta of 0.84.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 8th will be given a $0.365 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $1.46 annualized dividend and a dividend yield of 4.11%. Weingarten Realty Investors’s dividend payout ratio is presently 76.44%.

In other Weingarten Realty Investors news, CEO Andrew M. Alexander sold 5,731 shares of Weingarten Realty Investors stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of C$41.59, for a total transaction of C$238,352.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew M. Alexander sold 55,597 shares of Weingarten Realty Investors stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of C$41.67, for a total transaction of C$2,316,726.99. Following the transaction, 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 currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC boosted its position in shares of Weingarten Realty Investors by 53.6% in the third quarter. Riverhead Capital Management LLC now owns 3,700 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 1,291 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Weingarten Realty Investors by 967.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,767 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 3,414 shares during the period. CT Financial Advisors LLC boosted 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 period. Advisor Group Inc. acquired a new position in shares of Weingarten Realty Investors during the second quarter worth $163,000. Finally, Investment Counselors of Maryland LLC boosted its position in shares of Weingarten Realty Investors by 3.9% in the third quarter. Investment Counselors of Maryland LLC now owns 4,176 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 155 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:WRI

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