Weingarten Realty Investors (WRI) Expected to Post Quarterly Sales of $125.35 Million

Analysts expect that Weingarten Realty Investors (NYSE:WRI) will report $125.35 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Weingarten Realty Investors’ earnings, with the highest sales estimate coming in at $129.55 million and the lowest estimate coming in at $120.68 million. Weingarten Realty Investors reported sales of $135.80 million in the same quarter last year, which indicates a negative year over year growth rate of 7.7%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, February 20th.

On average, analysts expect that Weingarten Realty Investors will report full-year sales of $520.00 million for the current financial year, with estimates ranging from $513.19 million to $532.88 million. For the next year, analysts expect that the firm will post sales of $492.52 million, with estimates ranging from $482.50 million to $511.01 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Weingarten Realty Investors.

WRI has been the topic of several research reports. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Capital One Financial raised Weingarten Realty Investors from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 19th. Scotiabank started coverage on Weingarten Realty Investors in a research report on Tuesday, October 16th. They issued a “sector perform” rating on the stock. ValuEngine raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $28.00 price target on shares of Weingarten Realty Investors in a research report on Monday, December 17th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.83.

Weingarten Realty Investors stock opened at $29.61 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.93. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 2.95 and a beta of 0.76. Weingarten Realty Investors has a fifty-two week low of $23.80 and a fifty-two week high of $32.02.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Weingarten Realty Investors by 0.8% in the 4th quarter. BlackRock Inc. now owns 14,588,249 shares of the real estate investment trust’s stock worth $361,934,000 after purchasing an additional 121,056 shares in the last quarter. Utah Retirement Systems boosted its position in shares of Weingarten Realty Investors by 1.6% in the 4th quarter. Utah Retirement Systems now owns 32,412 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 500 shares in the last quarter. Dean Capital Investments Management LLC boosted its position in shares of Weingarten Realty Investors by 16.2% in the 4th quarter. Dean Capital Investments Management LLC now owns 16,328 shares of the real estate investment trust’s stock worth $405,000 after purchasing an additional 2,274 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Weingarten Realty Investors in the 4th quarter valued at approximately $353,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Weingarten Realty Investors by 4.9% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,291 shares of the real estate investment trust’s stock valued at $523,000 after acquiring an additional 999 shares in the last quarter. 77.33% of the stock is currently owned by hedge funds and other institutional investors.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 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 185 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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