Analysts expect that Weingarten Realty Investors (NYSE:WRI) will announce $0.53 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Weingarten Realty Investors’ earnings, with estimates ranging from $0.52 to $0.54. Weingarten Realty Investors posted earnings per share of $0.57 in the same quarter last year, which would suggest a negative year-over-year growth rate of 7%. The business is expected to report its next earnings results after the market closes on Monday, April 29th.

According to Zacks, analysts expect that Weingarten Realty Investors will report full year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $2.13 to $2.17. For the next year, analysts forecast that the company will post earnings of $2.20 per share, with EPS estimates ranging from $2.17 to $2.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Weingarten Realty Investors had a return on equity of 17.27% and a net margin of 61.68%. The company had revenue of $127.81 million for the quarter, compared to analyst estimates of $123.99 million. During the same period last year, the company posted $0.60 EPS. The business’s revenue for the quarter was down 8.3% on a year-over-year basis.

WRI has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. ValuEngine lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Finally, Bank of America lowered shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Weingarten Realty Investors currently has a consensus rating of “Hold” and an average price target of $30.60.

WRI stock traded up $0.32 on Tuesday, hitting $28.66. 1,262,113 shares of the company were exchanged, compared to its average volume of 877,875. Weingarten Realty Investors has a twelve month low of $23.80 and a twelve month high of $32.02. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.74.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WRI. Janus Henderson Group PLC purchased a new stake in Weingarten Realty Investors during the third quarter worth approximately $443,000. Bank of New York Mellon Corp boosted its stake in shares of Weingarten Realty Investors by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 2,838,402 shares of the real estate investment trust’s stock valued at $84,470,000 after purchasing an additional 10,908 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Weingarten Realty Investors by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,906,051 shares of the real estate investment trust’s stock valued at $56,721,000 after purchasing an additional 5,863 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Weingarten Realty Investors by 28.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,041 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 1,757 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Weingarten Realty Investors by 36.6% in the third quarter. JPMorgan Chase & Co. now owns 278,911 shares of the real estate investment trust’s stock valued at $8,301,000 after purchasing an additional 74,745 shares during the period. Institutional investors own 79.01% of the company’s stock.

Weingarten Realty Investors Company Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At December 31, 2018, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 178 properties which are located in 17 states spanning the country from coast to coast.

Featured Story: What is a Market Correction?

Get a free copy of the Zacks research report on Weingarten Realty Investors (WRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.