Weingarten Realty Investors (WRI) Receiving Positive Press Coverage, Analysis Finds

News stories about Weingarten Realty Investors (NYSE:WRI) have trended positive on Tuesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Weingarten Realty Investors earned a news impact score of 0.33 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 47.236793560826 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

WRI has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Jefferies Group set a $33.00 price target on Weingarten Realty Investors and gave the company a “hold” rating in a research note on Friday, December 15th. Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the company a “sell” rating in a research note on Thursday, October 26th. Finally, ValuEngine lowered Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.50.

Shares of Weingarten Realty Investors (NYSE WRI) traded down $1.13 during trading on Tuesday, reaching $31.28. The company had a trading volume of 683,256 shares, compared to its average volume of 643,190. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $36.82. The company has a market capitalization of $4,020.00, a price-to-earnings ratio of 19.07, a PEG ratio of 3.26 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.22 and a current ratio of 1.22.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 18.25% and a net margin of 24.91%. The company had revenue of $141.06 million during the quarter, compared to analyst estimates of $139.72 million. During the same period in the prior year, the company earned $0.58 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. sell-side analysts predict that Weingarten Realty Investors will post 2.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were paid a dividend of $0.75 per share. 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 yield of 9.59%. Weingarten Realty Investors’s dividend payout ratio is presently 93.90%.

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About Weingarten Realty Investors

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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