Wall Street brokerages expect Weingarten Realty Investors (NYSE:WRI) to announce earnings of $0.61 per share for the current quarter, according to Zacks. Six analysts have made estimates for Weingarten Realty Investors’ earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.62. Weingarten Realty Investors also posted earnings of $0.61 per share during the same quarter last year. The business is scheduled to issue its next earnings report after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Weingarten Realty Investors will report full-year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.44. For the next year, analysts expect that the business will post earnings of $2.47 per share, with EPS estimates ranging from $2.42 to $2.51. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Weingarten Realty Investors.

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 for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $141.06 million for the quarter, compared to analyst estimates of $139.72 million. Weingarten Realty Investors had a net margin of 24.91% and a return on equity of 18.25%. Weingarten Realty Investors’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS.

WRI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Jefferies Group set a $33.00 target price on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a research note on Friday, December 15th. Boenning Scattergood set a $30.00 target price on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a research note on Thursday, October 26th. Finally, ValuEngine downgraded 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 stock. Weingarten Realty Investors has a consensus rating of “Hold” and a consensus target price of $33.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of WRI. Schwab Charles Investment Management Inc. grew its holdings in Weingarten Realty Investors by 10.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,107,509 shares of the real estate investment trust’s stock worth $33,337,000 after acquiring an additional 106,378 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Weingarten Realty Investors by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 501,509 shares of the real estate investment trust’s stock worth $15,095,000 after acquiring an additional 19,986 shares in the last quarter. Swiss National Bank grew its holdings in Weingarten Realty Investors by 1.3% during the 2nd quarter. Swiss National Bank now owns 203,700 shares of the real estate investment trust’s stock worth $6,131,000 after acquiring an additional 2,700 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Weingarten Realty Investors by 20.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 304,737 shares of the real estate investment trust’s stock worth $9,172,000 after acquiring an additional 52,446 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in Weingarten Realty Investors by 1.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 77,506 shares of the real estate investment trust’s stock worth $2,333,000 after acquiring an additional 1,350 shares in the last quarter. Institutional investors own 79.15% of the company’s stock.

Weingarten Realty Investors (NYSE:WRI) traded down $0.08 during trading on Thursday, hitting $31.20. 480,700 shares of the stock were exchanged, compared to its average volume of 583,229. The stock has a market cap of $4,020.00, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 3.26 and a beta of 0.71. Weingarten Realty Investors has a twelve month low of $29.03 and a twelve month high of $36.82. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were paid a dividend of $0.75 per share. This is an increase from Weingarten Realty Investors’s previous quarterly dividend of $0.39. This represents a $3.00 annualized dividend and a yield of 9.62%. The ex-dividend date of this dividend was Friday, December 22nd. Weingarten Realty Investors’s dividend payout ratio is presently 93.90%.

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

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