Analysts expect Weingarten Realty Investors (NYSE:WRI) to post $0.53 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Weingarten Realty Investors’ earnings, with estimates ranging from $0.52 to $0.56. Weingarten Realty Investors reported earnings per share of $0.55 during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.6%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 19th.
On average, analysts expect that Weingarten Realty Investors will report full year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.07 to $2.10. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.30. Weingarten Realty Investors had a return on equity of 16.75% and a net margin of 60.55%. The firm had revenue of $117.38 million during the quarter, compared to the consensus estimate of $117.85 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year.
Shares of NYSE:WRI traded down $0.91 during midday trading on Friday, reaching $31.19. 39,141 shares of the company’s stock traded hands, compared to its average volume of 906,308. The company has a fifty day simple moving average of $30.91 and a two-hundred day simple moving average of $28.68. Weingarten Realty Investors has a 1 year low of $23.80 and a 1 year high of $32.17. The company has a market cap of $4.10 billion, a P/E ratio of 13.65, a PEG ratio of 4.97 and a beta of 0.63. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.14 and a current ratio of 2.14.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be paid a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 5.07%. The ex-dividend date is Thursday, December 5th. Weingarten Realty Investors’s dividend payout ratio is currently 69.30%.
Hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its stake in shares of Weingarten Realty Investors by 2,127.8% in the 3rd quarter. Millennium Management LLC now owns 270,364 shares of the real estate investment trust’s stock valued at $7,875,000 after buying an additional 258,228 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Weingarten Realty Investors during the 3rd quarter worth about $874,000. Voloridge Investment Management LLC lifted its stake in Weingarten Realty Investors by 12.8% during the third quarter. Voloridge Investment Management LLC now owns 50,621 shares of the real estate investment trust’s stock worth $1,475,000 after purchasing an additional 5,730 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Weingarten Realty Investors by 4.0% during the third quarter. Public Employees Retirement System of Ohio now owns 194,136 shares of the real estate investment trust’s stock worth $5,655,000 after purchasing an additional 7,457 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Weingarten Realty Investors in the third quarter valued at approximately $1,776,000. Institutional investors own 78.62% of the company’s stock.
Weingarten Realty Investors Company Profile
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, 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 177 properties which are located in 17 states spanning the country from coast to coast.
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