Brokerages forecast that Weingarten Realty Investors (NYSE:WRI) will post $126.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Weingarten Realty Investors’ earnings, with the lowest sales estimate coming in at $120.68 million and the highest estimate coming in at $129.92 million. Weingarten Realty Investors reported sales of $135.80 million during the same quarter last year, which indicates a negative year over year growth rate of 7%. The firm is scheduled to report its next earnings results on Wednesday, February 20th.

On average, analysts expect that Weingarten Realty Investors will report full-year sales of $521.43 million for the current year, with estimates ranging from $513.19 million to $533.25 million. For the next financial year, analysts expect that the firm will post sales of $505.19 million, with estimates ranging from $491.87 million to $518.88 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.12. Weingarten Realty Investors had a return on equity of 22.88% and a net margin of 80.35%. The business had revenue of $125.26 million during the quarter, compared to analyst estimates of $126.36 million.

A number of brokerages have issued reports on WRI. ValuEngine raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup set a $29.00 price target on Weingarten Realty Investors and gave the company a “hold” rating in a research note on Tuesday, November 20th. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Scotiabank began coverage on Weingarten Realty Investors in a research note on Tuesday, October 16th. They set a “sector perform” rating for the company. Finally, Jefferies Financial Group set a $30.00 price target on Weingarten Realty Investors and gave the company a “hold” rating in a research note on Wednesday, August 15th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.17.

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in shares of Weingarten Realty Investors by 28.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,041 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 1,757 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Weingarten Realty Investors by 2.2% during the 3rd quarter. Arizona State Retirement System now owns 84,574 shares of the real estate investment trust’s stock valued at $2,517,000 after acquiring an additional 1,831 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Weingarten Realty Investors by 11.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 18,264 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 1,863 shares during the last quarter. American International Group Inc. lifted its position in shares of Weingarten Realty Investors by 0.9% during the 3rd quarter. American International Group Inc. now owns 242,131 shares of the real estate investment trust’s stock valued at $7,206,000 after acquiring an additional 2,263 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Weingarten Realty Investors by 2.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,484 shares of the real estate investment trust’s stock valued at $3,835,000 after acquiring an additional 2,821 shares during the last quarter. Institutional investors own 76.52% of the company’s stock.

NYSE WRI traded down $0.19 on Friday, reaching $28.65. 980,424 shares of the stock traded hands, compared to its average volume of 945,703. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $3.70 billion, a P/E ratio of 11.69, a PEG ratio of 2.77 and a beta of 0.51. Weingarten Realty Investors has a 12 month low of $25.67 and a 12 month high of $33.83.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, December 7th will be given a dividend of $0.395 per share. The ex-dividend date is Thursday, December 6th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.51%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 64.49%.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2018, 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 185 properties which are located in 17 states spanning the country from coast to coast.

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

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