Brokerages expect Weingarten Realty Investors (NYSE:WRI) to report $120.65 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Weingarten Realty Investors’ earnings. The lowest sales estimate is $118.62 million and the highest is $122.45 million. Weingarten Realty Investors reported sales of $132.45 million in the same quarter last year, which suggests a negative year-over-year growth rate of 8.9%. The business is expected to announce its next earnings report after the market closes on Monday, April 29th.
On average, analysts expect that Weingarten Realty Investors will report full year sales of $481.20 million for the current fiscal year, with estimates ranging from $472.04 million to $496.22 million. For the next year, analysts expect that the firm will report sales of $496.24 million, with estimates ranging from $484.90 million to $509.64 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data 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). The company had revenue of $127.81 million during the quarter, compared to analysts’ expectations of $123.99 million. Weingarten Realty Investors had a return on equity of 17.27% and a net margin of 61.68%. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share.
A number of brokerages recently commented on WRI. Zacks Investment Research downgraded shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Thursday. 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. Finally, ValuEngine raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.60.
A number of institutional investors have recently bought and sold shares of the stock. Cohen & Steers Inc. increased its holdings in Weingarten Realty Investors by 0.6% during the third quarter. Cohen & Steers Inc. now owns 15,434,746 shares of the real estate investment trust’s stock valued at $459,338,000 after buying an additional 96,351 shares during the period. BlackRock Inc. boosted its stake in Weingarten Realty Investors by 0.8% in the fourth quarter. BlackRock Inc. now owns 14,588,249 shares of the real estate investment trust’s stock valued at $361,934,000 after acquiring an additional 121,056 shares in the last quarter. Ronna Sue Cohen acquired a new stake in Weingarten Realty Investors in the first quarter valued at approximately $3,965,000. Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 10,908 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Weingarten Realty Investors by 9.8% in the fourth quarter. Northern Trust Corp now owns 2,321,240 shares of the real estate investment trust’s stock valued at $57,590,000 after acquiring an additional 206,354 shares in the last quarter. 79.01% of the stock is currently owned by institutional investors.
Shares of WRI traded up $0.24 during midday trading on Thursday, hitting $29.15. 687,763 shares of the company traded hands, compared to its average volume of 725,777. Weingarten Realty Investors has a 52 week low of $23.80 and a 52 week high of $32.02. The company has a market capitalization of $3.75 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.02 and a beta of 0.74. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.03.
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.
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