Weingarten Realty Investors (NYSE:WRI) Given Consensus Recommendation of “Hold” by Analysts
Weingarten Realty Investors (NYSE:WRI) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $36.33.
A number of research analysts have recently commented on WRI shares. Boenning Scattergood lowered Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a report on Monday, May 15th. Robert W. Baird started coverage on Weingarten Realty Investors in a report on Thursday, April 20th. They set an “outperform” rating and a $41.00 price target on the stock. Jefferies Group LLC reissued a “hold” rating and set a $37.00 price target on shares of Weingarten Realty Investors in a report on Monday, April 24th. BidaskClub raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, ValuEngine lowered Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WRI. Franklin Parlapiano Turner & Welch LLC bought a new position in Weingarten Realty Investors during the first quarter valued at about $103,000. CT Financial Advisors LLC increased its position in Weingarten Realty Investors by 0.4% in the first quarter. CT Financial Advisors LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 18 shares during the last quarter. Pinnacle Bank bought a new position in Weingarten Realty Investors during the first quarter valued at about $138,000. Founders Capital Management bought a new position in Weingarten Realty Investors during the first quarter valued at about $140,000. Finally, Westwood Holdings Group Inc. bought a new position in Weingarten Realty Investors during the first quarter valued at about $203,000. 79.95% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Weingarten Realty Investors (WRI) traded up 0.15% during mid-day trading on Friday, reaching $33.13. 801,357 shares of the company were exchanged. Weingarten Realty Investors has a 12 month low of $29.03 and a 12 month high of $42.45. The stock has a market capitalization of $4.25 billion, a P/E ratio of 22.26 and a beta of 0.72. The stock has a 50 day moving average price of $30.86 and a 200-day moving average price of $32.87.
Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $142.96 million for the quarter, compared to analysts’ expectations of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. Analysts predict that Weingarten Realty Investors will post $0.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Thursday, September 7th. Weingarten Realty Investors’s payout ratio is currently 104.76%.
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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