Wall Street brokerages forecast that Weingarten Realty Investors (NYSE:WRI) will post $139.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Weingarten Realty Investors’ earnings, with estimates ranging from $136.75 million to $144.19 million. Weingarten Realty Investors posted sales of $139.51 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.1%. The company is scheduled to report its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Weingarten Realty Investors will report full year sales of $139.60 million for the current year, with estimates ranging from $561.60 million to $572.00 million. For the next year, analysts expect that the firm will report sales of $571.36 million per share, with estimates ranging from $559.00 million to $588.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $141.06 million for the quarter, compared to analysts’ expectations of $139.72 million. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 EPS.

A number of equities research analysts have recently commented on WRI shares. JPMorgan Chase & Co. lowered their target price on Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Jefferies Group set a $33.00 target price on Weingarten Realty Investors and gave the stock a “hold” rating in a research note on Friday, December 15th. Finally, Boenning Scattergood set a $30.00 target price on Weingarten Realty Investors and gave the stock a “sell” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.50.

A number of institutional investors have recently made changes to their positions in WRI. Canada Pension Plan Investment Board raised its stake in Weingarten Realty Investors by 46.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 36,000 shares of the real estate investment trust’s stock valued at $1,084,000 after acquiring an additional 11,400 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Weingarten Realty Investors by 10.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,107,509 shares of the real estate investment trust’s stock valued at $33,337,000 after acquiring an additional 106,378 shares during the period. Advisors Asset Management Inc. raised its stake in Weingarten Realty Investors by 7.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 15,877 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 1,052 shares during the period. State of Wisconsin Investment Board raised its stake in Weingarten Realty Investors by 2.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 23,919 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 660 shares during the period. Finally, SG Americas Securities LLC raised its stake in Weingarten Realty Investors by 64.5% in the 2nd quarter. SG Americas Securities LLC now owns 39,785 shares of the real estate investment trust’s stock valued at $1,198,000 after acquiring an additional 15,602 shares during the period. Institutional investors and hedge funds own 79.13% of the company’s stock.

Weingarten Realty Investors (NYSE WRI) traded up $0.15 during midday trading on Thursday, hitting $32.85. The stock had a trading volume of 379,678 shares, compared to its average volume of 849,244. The company has a market cap of $4,220.00, a PE ratio of 20.03, a price-to-earnings-growth ratio of 3.32 and a beta of 0.71. Weingarten Realty Investors has a 12 month low of $29.03 and a 12 month high of $36.82. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 26th will be paid a $0.75 dividend. This is a boost 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 9.13%. The ex-dividend date is Friday, December 22nd. Weingarten Realty Investors’s payout ratio is currently 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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Earnings History and Estimates for Weingarten Realty Investors (NYSE:WRI)

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