Weingarten Realty Investors (NYSE:WRI) Issues Earnings Results, Beats Estimates By $0.08 EPS
Weingarten Realty Investors (NYSE:WRI) announced its quarterly earnings results on Sunday. The real estate investment trust reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08, MarketWatch Earnings reports. Weingarten Realty Investors had a return on equity of 13.20% and a net margin of 54.62%. The company had revenue of $112.10 million during the quarter, compared to analyst estimates of $105.25 million. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis.
Shares of Weingarten Realty Investors stock traded up $0.30 during trading on Tuesday, reaching $26.38. The company’s stock had a trading volume of 10,783 shares, compared to its average volume of 828,029. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.94. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 4.08 and a beta of 1.27. Weingarten Realty Investors has a 1-year low of $12.21 and a 1-year high of $30.90. The company has a 50-day simple moving average of $23.14 and a two-hundred day simple moving average of $20.02.
A number of equities analysts recently commented on WRI shares. JPMorgan Chase & Co. raised Weingarten Realty Investors from an “underweight” rating to a “neutral” rating and increased their price target for the company from $19.00 to $24.00 in a research note on Monday, December 21st. Wells Fargo & Company upgraded Weingarten Realty Investors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $19.00 to $24.00 in a report on Thursday, December 10th. Finally, Scotiabank upgraded Weingarten Realty Investors from a “sector perform” rating to a “sector outperform” rating and set a $26.00 price target on the stock in a report on Thursday, January 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Weingarten Realty Investors has an average rating of “Buy” and a consensus target price 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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