Jefferies Group set a $33.00 target price on Weingarten Realty Investors (NYSE:WRI) in a research report report published on Friday morning. The firm currently has a hold rating on the real estate investment trust’s stock. Jefferies Group also issued estimates for Weingarten Realty Investors’ FY2017 earnings at $2.44 EPS and FY2019 earnings at $2.54 EPS.

Several other research firms have also recently weighed in on WRI. Boenning Scattergood upgraded shares of Weingarten Realty Investors from an under perform rating to a neutral rating in a report on Thursday, December 14th. Robert W. Baird reiterated a buy rating and issued a $37.00 price target on shares of Weingarten Realty Investors in a report on Thursday, August 24th. Finally, J P Morgan Chase & Co cut 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 report on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Weingarten Realty Investors has a consensus rating of Hold and an average price target of $33.50.

Weingarten Realty Investors (NYSE WRI) opened at $33.60 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24. Weingarten Realty Investors has a fifty-two week low of $29.03 and a fifty-two week high of $36.82. The stock has a market cap of $4,320.00, a P/E ratio of 13.68, a PEG ratio of 3.44 and a beta of 0.71.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly 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 business had revenue of $141.06 million for the quarter, compared to analysts’ expectations of $139.72 million. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. research analysts forecast that Weingarten Realty Investors will post 2.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $3.00 annualized dividend and a yield of 8.93%. This is a positive change from Weingarten Realty Investors’s previous quarterly dividend of $0.39. Weingarten Realty Investors’s dividend payout ratio (DPR) is currently 93.90%.

Institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its position in Weingarten Realty Investors by 10.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,107,509 shares of the real estate investment trust’s stock valued at $33,337,000 after buying an additional 106,378 shares during the period. Legal & General Group Plc lifted its position in Weingarten Realty Investors by 8.5% during the second quarter. Legal & General Group Plc now owns 773,142 shares of the real estate investment trust’s stock valued at $23,272,000 after buying an additional 60,881 shares during the period. BNP Paribas Arbitrage SA lifted its position in Weingarten Realty Investors by 37.5% during the second quarter. BNP Paribas Arbitrage SA now owns 92,739 shares of the real estate investment trust’s stock valued at $2,791,000 after buying an additional 25,297 shares during the period. Russell Investments Group Ltd. lifted its position in Weingarten Realty Investors by 75.5% during the third quarter. Russell Investments Group Ltd. now owns 1,383,769 shares of the real estate investment trust’s stock valued at $43,929,000 after buying an additional 595,232 shares during the period. Finally, Northern Trust Corp raised its position in shares of Weingarten Realty Investors by 1.7% in the 2nd quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock worth $58,138,000 after purchasing an additional 32,085 shares during the last quarter. 79.17% of the stock is owned by institutional investors and hedge funds.

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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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