Favorable Press Coverage Somewhat Unlikely to Impact Weingarten Realty Investors (WRI) Stock Price
Media headlines about Weingarten Realty Investors (NYSE:WRI) have been trending positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Weingarten Realty Investors earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.299471715794 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Weingarten Realty Investors (NYSE WRI) opened at 32.45 on Friday. The firm has a market cap of $4.17 billion, a P/E ratio of 21.82 and a beta of 0.72. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $42.12. The stock’s 50 day moving average is $31.30 and its 200 day moving average is $32.75.
Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $142.96 million during the quarter, compared to analyst estimates of $142.34 million. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. Weingarten Realty Investors’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. On average, equities research analysts predict that Weingarten Realty Investors will post $0.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Thursday, September 7th. Weingarten Realty Investors’s payout ratio is 104.76%.
WRI has been the subject of several research analyst reports. Boenning Scattergood downgraded shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research note on Monday, May 15th. Robert W. Baird initiated coverage on shares of Weingarten Realty Investors in a research note on Thursday, April 20th. They issued an “outperform” rating and a $41.00 price objective for the company. Jefferies Group LLC restated a “hold” rating and issued a $37.00 price objective on shares of Weingarten Realty Investors in a research note on Monday, April 24th. BidaskClub upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, ValuEngine downgraded shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Weingarten Realty Investors has an average rating of “Hold” and a consensus target price of $37.17.
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About Weingarten Realty Investors
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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