Weingarten Realty Investors (NYSE:WRI) – Research analysts at Boenning Scattergood issued their Q1 2019 earnings estimates for Weingarten Realty Investors in a report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will post earnings of $0.61 per share for the quarter. Boenning Scattergood has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Weingarten Realty Investors’ Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $2.53 EPS.
A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Jefferies Group set a $33.00 target price on shares of Weingarten Realty Investors and gave the company a “hold” rating in a report on Friday, December 15th. Finally, ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Weingarten Realty Investors has a consensus rating of “Hold” and an average target price of $33.50.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 24.91% and a return on equity of 18.25%. The business had revenue of $141.06 million during the quarter, compared to analyst estimates of $139.72 million. During the same period last year, the firm posted $0.58 EPS. The company’s revenue was up 3.4% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were issued a $0.75 dividend. The ex-dividend date was Friday, December 22nd. This is a positive change from Weingarten Realty Investors’s previous quarterly dividend of $0.39. This represents a $3.00 dividend on an annualized basis and a dividend yield of 9.78%. Weingarten Realty Investors’s dividend payout ratio (DPR) is 93.90%.
Hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of Weingarten Realty Investors by 10.6% in 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 purchasing an additional 106,378 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Weingarten Realty Investors by 11.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 40,490 shares of the real estate investment trust’s stock worth $1,285,000 after buying an additional 4,045 shares during the last quarter. Brown Advisory Inc. lifted its position in Weingarten Realty Investors by 90.6% in the third quarter. Brown Advisory Inc. now owns 28,920 shares of the real estate investment trust’s stock worth $918,000 after buying an additional 13,747 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Weingarten Realty Investors by 75.5% in the third quarter. Russell Investments Group Ltd. now owns 1,383,769 shares of the real estate investment trust’s stock worth $43,929,000 after buying an additional 595,232 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Weingarten Realty Investors by 1.7% in the second quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock worth $58,138,000 after buying an additional 32,085 shares during the last quarter. 79.15% of the stock is owned by hedge funds and other institutional investors.
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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