Weingarten Realty Investors (WRI) Given Daily Media Sentiment Rating of 0.09
Press coverage about Weingarten Realty Investors (NYSE:WRI) has been trending somewhat positive recently, according to AlphaOne Sentiment Analysis. The research firm, a unit of Accern, scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. AlphaOne 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 daily sentiment score of 0.09 on AlphaOne’s scale. AlphaOne also gave news articles about the real estate investment trust an impact score of 26 out of 100, indicating that recent press coverage is unlikely to have an impact on the stock’s share price in the next few days.
Weingarten Realty Investors (WRI) traded down 4.06% during trading on Friday, reaching $30.75. The company had a trading volume of 1,781,664 shares. The firm has a 50-day moving average price of $31.31 and a 200 day moving average price of $33.98. Weingarten Realty Investors has a 12-month low of $29.47 and a 12-month high of $43.70. The stock has a market cap of $3.95 billion, a P/E ratio of 24.17 and a beta of 0.72.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. Weingarten Realty Investors had a net margin of 29.16% and a return on equity of 9.53%. During the same quarter in the prior year, the business earned $0.57 earnings per share. Equities research analysts predict that Weingarten Realty Investors will post $0.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 8th were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Tuesday, June 6th. Weingarten Realty Investors’s dividend payout ratio is currently 122.22%.
A number of equities analysts recently commented on the company. Robert W. Baird assumed coverage on Weingarten Realty Investors in a research note on Thursday, April 20th. They issued an “outperform” rating and a $41.00 price target for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $37.00 price target on shares of Weingarten Realty Investors in a research note on Monday, April 24th. TheStreet downgraded Weingarten Realty Investors from a “b” rating to a “c+” rating in a research note on Monday, April 24th. BidaskClub upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Boenning Scattergood downgraded Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.70.
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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