Weingarten Realty Investors (WRI) Given Daily Coverage Optimism Score of 0.12
Media headlines about Weingarten Realty Investors (NYSE:WRI) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Weingarten Realty Investors earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.7758525687721 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
WRI has been the topic of several research reports. J P Morgan Chase & Co reissued a “neutral” rating and issued a $35.00 price target (down previously from $37.00) on shares of Weingarten Realty Investors in a research report on Wednesday, August 9th. Boenning Scattergood set a $30.00 price target on shares of Weingarten Realty Investors and gave the company a “sell” rating in a research note on Monday, July 31st. BidaskClub raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Weingarten Realty Investors in a report on Tuesday, August 29th. Finally, Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $34.40.
Weingarten Realty Investors (NYSE WRI) opened at 31.72 on Tuesday. The firm has a 50-day moving average price of $32.28 and a 200 day moving average price of $32.03. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $38.82. The company has a market cap of $4.07 billion, a P/E ratio of 21.33 and a beta of 0.72.
Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $142.96 million for the quarter, compared to analysts’ expectations of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. Weingarten Realty Investors’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. Analysts expect that Weingarten Realty Investors will post $0.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 8th were issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 4.85%. The ex-dividend date was Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio is presently 104.76%.
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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