Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Weingarten Realty Investors (WRI) Stock Price
Media coverage about Weingarten Realty Investors (NYSE:WRI) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Weingarten Realty Investors earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.9867027934347 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research analysts have issued reports on the company. Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the company a “sell” rating in a report on Monday, July 31st. J P Morgan Chase & Co reissued a “neutral” rating and issued a $35.00 price target (down from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. BidaskClub raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $32.00 price target on shares of Weingarten Realty Investors in a report on Tuesday, August 29th. One investment 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. The stock has an average rating of “Hold” and an average target price of $33.25.
Shares of Weingarten Realty Investors (NYSE:WRI) traded down $0.22 during trading hours on Monday, reaching $33.09. The company’s stock had a trading volume of 739,089 shares, compared to its average volume of 867,832. Weingarten Realty Investors has a one year low of $29.03 and a one year high of $36.82. The firm has a market capitalization of $4,250.00, a P/E ratio of 13.65, a PEG ratio of 3.32 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22.
Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $141.06 million during the quarter, compared to the consensus estimate of $139.72 million. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS. equities research analysts anticipate that Weingarten Realty Investors will post 2.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, December 7th. Weingarten Realty Investors’s payout ratio is 93.90%.
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.
Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.