Jefferies Group Weighs in on Weingarten Realty Investors’ FY2018 Earnings (WRI)
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.
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%.
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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