Jefferies Financial Group Weighs in on Weingarten Realty Investors’ Q1 2019 Earnings (WRI)

Weingarten Realty Investors (NYSE:WRI) – Equities researchers at Jefferies Financial Group issued their Q1 2019 earnings per share (EPS) estimates for shares of Weingarten Realty Investors in a report released on Monday, October 29th. Jefferies Financial Group analyst O. Okusanya anticipates that the real estate investment trust will post earnings of $0.55 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $30.00 price target on the stock. Jefferies Financial Group also issued estimates for Weingarten Realty Investors’ Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.58 EPS, Q1 2020 earnings at $0.56 EPS, Q2 2020 earnings at $0.57 EPS and Q3 2020 earnings at $0.60 EPS.

WRI has been the subject of several other research reports. Zacks Investment Research lowered Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Scotiabank started coverage on Weingarten Realty Investors in a research note on Tuesday, October 16th. They issued a “sector perform” rating for the company. Wells Fargo & Co upped their target price on Weingarten Realty Investors from $27.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, August 9th. BTIG Research started coverage on Weingarten Realty Investors in a research note on Wednesday, August 1st. They issued a “buy” rating and a $34.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on Weingarten Realty Investors from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.33.

Shares of WRI opened at $28.31 on Tuesday. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 2.88 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.93. Weingarten Realty Investors has a 1 year low of $25.67 and a 1 year high of $33.83.

Weingarten Realty Investors (NYSE:WRI) last issued its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.12. The business had revenue of $125.26 million during the quarter, compared to analyst estimates of $126.36 million. Weingarten Realty Investors had a return on equity of 22.88% and a net margin of 80.35%.

Hedge funds have recently made changes to their positions in the business. Qube Research & Technologies Ltd bought a new stake in Weingarten Realty Investors in the second quarter valued at approximately $129,000. Strategic Advisors LLC bought a new stake in Weingarten Realty Investors in the second quarter valued at approximately $202,000. Founders Capital Management bought a new stake in Weingarten Realty Investors in the second quarter valued at approximately $207,000. Cadence Capital Management LLC bought a new stake in Weingarten Realty Investors in the second quarter valued at approximately $207,000. Finally, CIBC Asset Management Inc bought a new stake in Weingarten Realty Investors in the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 77.16% of the company’s stock.

In other Weingarten Realty Investors news, CFO Stephen C. Richter sold 102,454 shares of the business’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 value of $3,158,656.82. Following the completion of the sale, the chief financial officer now owns 351,286 shares in the company, valued at $10,830,147.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew M. Alexander sold 126,730 shares of the business’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 value of $3,891,878.30. Following the completion of the sale, the chief executive officer now owns 1,263,172 shares of the company’s stock, valued at approximately $38,792,012.12. The disclosure for this sale can be found here. Insiders own 7.50% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 7th will be given a $0.395 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.58 annualized dividend and a yield of 5.58%. Weingarten Realty Investors’s payout ratio is currently 64.49%.

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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Earnings History and Estimates for Weingarten Realty Investors (NYSE:WRI)

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