According to Zacks, “Weingarten Realty Investors is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in twenty one states that span the southern portion of the United States from coast to coast. Weingarten’s business activities encompass the long-term ownership, management, acquisition, development and redevelopment of strategically located neighborhood and community shopping centers and select industrial properties. The vast majority of our shopping centers are anchored by either a supermarket or a national value-oriented retailer. These anchors combined with convenient locations, attractive and well-maintained properties and a strong tenant mix help to ensure the long-term success of our merchants and the viability of our portfolio. The Company’s portfolio of Thirf caproperties includes thirty neighborhood and community shopping centers and sixty four industrial properties, aggregating fourty million square feet. “
WRI has been the topic of several other research reports. ValuEngine raised Weingarten Realty Investors from a sell rating to a hold rating in a research note on Tuesday, January 29th. Capital One Financial raised Weingarten Realty Investors from an equal weight rating to an overweight rating in a research note on Wednesday, December 19th. Finally, Bank of America downgraded Weingarten Realty Investors from a buy rating to a neutral rating in a research note on Monday, March 4th. 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 stock. The company has an average rating of Hold and a consensus target price of $30.60.
Shares of NYSE:WRI opened at $29.15 on Thursday. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 3.02 and a beta of 0.74. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.54 and a current ratio of 1.54. Weingarten Realty Investors has a 52-week low of $23.80 and a 52-week high of $32.02.
Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm 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 period in the previous year, the business posted $0.60 earnings per share. As a group, equities analysts anticipate that Weingarten Realty Investors will post 2.14 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its stake in Weingarten Realty Investors by 0.9% during the 1st quarter. State of Alaska Department of Revenue now owns 52,318 shares of the real estate investment trust’s stock valued at $1,535,000 after purchasing an additional 447 shares during the period. Utah Retirement Systems raised its stake in Weingarten Realty Investors by 1.6% during the 4th quarter. Utah Retirement Systems now owns 32,412 shares of the real estate investment trust’s stock valued at $804,000 after purchasing an additional 500 shares during the period. Raymond James & Associates raised its stake in Weingarten Realty Investors by 4.9% during the 4th quarter. Raymond James & Associates now owns 11,446 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 538 shares during the period. Ramsey Quantitative Systems raised its stake in Weingarten Realty Investors by 6.7% during the 4th quarter. Ramsey Quantitative Systems now owns 11,462 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 722 shares during the period. Finally, Retirement Systems of Alabama raised its stake in Weingarten Realty Investors by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 154,731 shares of the real estate investment trust’s stock valued at $3,839,000 after purchasing an additional 804 shares during the period. 79.01% of the stock is currently owned by institutional investors.
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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