Weingarten Realty Investors (WRI) Earning Somewhat Favorable News Coverage, Analysis Finds
News stories about Weingarten Realty Investors (NYSE:WRI) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Weingarten Realty Investors earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.9160850991276 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Weingarten CEO: Omnichannel model is a winner for CRE (smartbrief.com)
- Robert W. Baird Reaffirms Buy Rating for Weingarten Realty Investors (WRI) (americanbankingnews.com)
- Weingarten Realty Investors (WRI) Share Price Heads Below Balance Step – Stock Press Daily (stockpressdaily.com)
- Weingarten Realty Investors : Announces Third Quarter 2017 Earnings Release and Conference Call Dates (4-traders.com)
- Q3 2017 earnings results (eprretailnews.com)
Shares of Weingarten Realty Investors (WRI) traded down 2.93% on Monday, hitting $31.81. 627,048 shares of the stock traded hands. The stock’s 50 day moving average price is $31.89 and its 200 day moving average price is $32.51. The stock has a market cap of $4.08 billion, a P/E ratio of 21.39 and a beta of 0.72. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $42.12.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $142.96 million for the quarter, compared to analyst estimates of $142.34 million. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, equities analysts expect that Weingarten Realty Investors will post $0.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be paid a $0.385 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.54 annualized dividend and a yield of 4.84%. Weingarten Realty Investors’s dividend payout ratio is currently 104.76%.
Several equities research analysts recently commented on WRI shares. BidaskClub raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Robert W. Baird raised shares of Weingarten Realty Investors from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 16th. ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Boenning Scattergood lowered shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $35.40.
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Weingarten Realty Investors Company Profile
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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