Equities analysts expect that Weingarten Realty Investors (NYSE:WRI) will post $126.36 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Weingarten Realty Investors’ earnings. The lowest sales estimate is $125.30 million and the highest is $127.72 million. Weingarten Realty Investors reported sales of $141.06 million in the same quarter last year, which indicates a negative year over year growth rate of 10.4%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 24th.
On average, analysts expect that Weingarten Realty Investors will report full-year sales of $520.51 million for the current year, with estimates ranging from $517.20 million to $523.36 million. For the next year, analysts forecast that the firm will post sales of $512.56 million, with estimates ranging from $501.50 million to $529.32 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $138.50 million during the quarter, compared to analyst estimates of $128.13 million. Weingarten Realty Investors had a net margin of 83.46% and a return on equity of 24.90%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.61 EPS.
Shares of NYSE WRI opened at $27.42 on Friday. The company has a market capitalization of $3.81 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 2.99 and a beta of 0.47. Weingarten Realty Investors has a 1 year low of $25.67 and a 1 year high of $33.83. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.23 and a quick ratio of 1.23.
The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, September 7th were issued a dividend of $0.395 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.58 annualized dividend and a yield of 5.76%. Weingarten Realty Investors’s payout ratio is 64.49%.
In other Weingarten Realty Investors news, CEO Andrew M. Alexander sold 126,730 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $30.71, for a total transaction of $3,891,878.30. Following the completion of the transaction, the chief executive officer now owns 1,263,172 shares in the company, valued at approximately $38,792,012.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen C. Richter sold 102,454 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $30.83, for a total transaction of $3,158,656.82. Following the transaction, the chief financial officer now owns 351,286 shares of the company’s stock, valued at approximately $10,830,147.38. The disclosure for this sale can be found here. 7.50% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new position in Weingarten Realty Investors during the 2nd quarter worth approximately $129,000. Strategic Advisors LLC bought a new stake in shares of Weingarten Realty Investors in the 2nd quarter valued at $202,000. Founders Capital Management bought a new stake in shares of Weingarten Realty Investors in the 2nd quarter valued at $207,000. Cadence Capital Management LLC bought a new stake in shares of Weingarten Realty Investors in the 2nd quarter valued at $207,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Weingarten Realty Investors in the 2nd quarter valued at $212,000. Hedge funds and other institutional investors own 77.48% of the company’s stock.
About Weingarten Realty Investors
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 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 190 properties which are located in 17 states spanning the country from coast to coast.
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