Weingarten Realty Investors (NYSE:WRI) – Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for Weingarten Realty Investors in a research note issued on Tuesday. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will earn $2.42 per share for the year, down from their previous estimate of $2.43. Jefferies Group currently has a “Hold” rating and a $33.00 target price on the stock. Jefferies Group also issued estimates for Weingarten Realty Investors’ FY2019 earnings at $2.53 EPS.

Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The firm had revenue of $141.06 million during the quarter, compared to analysts’ expectations of $139.72 million. During the same period in the previous year, the business posted $0.58 EPS. The business’s revenue was up 3.4% compared to the same quarter last year.

Several other research firms have also recently issued reports on WRI. JPMorgan Chase & Co. decreased their target price on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Boenning Scattergood set a $30.00 target price on shares of Weingarten Realty Investors and gave the company a “sell” rating in a research note on Thursday, October 26th. Finally, ValuEngine cut shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $33.50.

Weingarten Realty Investors (WRI) traded down $0.23 on Thursday, hitting $30.50. 462,500 shares of the company traded hands, compared to its average volume of 526,292. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.22 and a current ratio of 1.22. Weingarten Realty Investors has a 1 year low of $29.03 and a 1 year high of $36.82. The firm has a market cap of $3,920.00, a PE ratio of 18.60, a P/E/G ratio of 3.12 and a beta of 0.71.

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its position in Weingarten Realty Investors by 11.2% during the fourth quarter. State of Alaska Department of Revenue now owns 73,370 shares of the real estate investment trust’s stock worth $2,410,000 after acquiring an additional 7,410 shares during the period. Schwab Charles Investment Management Inc. raised its position in Weingarten Realty Investors by 5.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,290,861 shares of the real estate investment trust’s stock worth $42,431,000 after acquiring an additional 67,649 shares during the period. Nisa Investment Advisors LLC raised its position in Weingarten Realty Investors by 18.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 83,680 shares of the real estate investment trust’s stock worth $2,751,000 after acquiring an additional 13,050 shares during the period. Public Employees Retirement System of Ohio raised its position in Weingarten Realty Investors by 1.2% during the third quarter. Public Employees Retirement System of Ohio now owns 222,469 shares of the real estate investment trust’s stock worth $7,061,000 after acquiring an additional 2,588 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Weingarten Realty Investors during the third quarter worth $313,000. Institutional investors own 79.14% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 22nd. This is a boost from Weingarten Realty Investors’s previous quarterly dividend of $0.39. This represents a $3.00 dividend on an annualized basis and a yield of 9.84%. Weingarten Realty Investors’s dividend payout ratio is currently 93.90%.

ILLEGAL ACTIVITY NOTICE: This piece was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2018/01/19/jefferies-group-weighs-in-on-weingarten-realty-investors-fy2018-earnings-wri.html.

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.

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

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.