Weingarten Realty Investors (NYSE:WRI) Receives Consensus Rating of “Hold” from Brokerages

Weingarten Realty Investors (NYSE:WRI) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $36.00.

A number of brokerages have issued reports on WRI. TheStreet downgraded Weingarten Realty Investors from a “b” rating to a “c+” rating in a research note on Monday, April 24th. Boenning Scattergood set a $30.00 price objective on Weingarten Realty Investors and gave the company a “sell” rating in a research note on Monday, July 31st. BidaskClub downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. J P Morgan Chase & Co restated a “neutral” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Weingarten Realty Investors in a research note on Wednesday. Finally, Zacks Investment Research downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Weingarten Realty Investors by 3,391.0% in the first quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock valued at $617,261,000 after buying an additional 17,956,849 shares during the last quarter. Vanguard Group Inc. increased its position in Weingarten Realty Investors by 3.2% in the first quarter. Vanguard Group Inc. now owns 19,365,185 shares of the real estate investment trust’s stock valued at $646,604,000 after buying an additional 597,565 shares during the last quarter. Bank of America Corp DE increased its position in Weingarten Realty Investors by 47.6% in the first quarter. Bank of America Corp DE now owns 1,239,817 shares of the real estate investment trust’s stock valued at $41,397,000 after buying an additional 399,978 shares during the last quarter. Citadel Advisors LLC increased its position in Weingarten Realty Investors by 1,305.0% in the first quarter. Citadel Advisors LLC now owns 415,811 shares of the real estate investment trust’s stock valued at $13,884,000 after buying an additional 386,215 shares during the last quarter. Finally, UBS Group AG increased its position in Weingarten Realty Investors by 199.5% in the first quarter. UBS Group AG now owns 233,865 shares of the real estate investment trust’s stock valued at $7,809,000 after buying an additional 155,779 shares during the last quarter. Institutional investors own 79.95% of the company’s stock.

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Weingarten Realty Investors (WRI) traded down 1.88% during trading on Friday, hitting $32.42. 318,710 shares of the company traded hands. The firm has a market capitalization of $4.16 billion, a P/E ratio of 21.80 and a beta of 0.72. The stock has a 50-day moving average price of $31.22 and a 200-day moving average price of $32.78. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $42.12.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $142.96 million during the quarter, compared to analyst estimates of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. Weingarten Realty Investors’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Equities analysts expect that Weingarten Realty Investors will post $0.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.385 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.54 annualized dividend and a dividend yield of 4.66%. Weingarten Realty Investors’s payout ratio is 104.76%.

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.

Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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