Favorable Press Coverage Somewhat Unlikely to Affect Weingarten Realty Investors (WRI) Share Price

Press coverage about Weingarten Realty Investors (NYSE:WRI) has been trending positive on Tuesday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Weingarten Realty Investors earned a media sentiment score of 0.33 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 47.236793560826 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of Weingarten Realty Investors (NYSE:WRI) traded down $0.26 during trading on Tuesday, reaching $30.43. 467,987 shares of the company traded hands, compared to its average volume of 546,880. The company has a market cap of $3,941.47, a P/E ratio of 18.67, a P/E/G ratio of 3.11 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22. Weingarten Realty Investors has a one year low of $29.03 and a one year high of $36.82.

Weingarten Realty Investors (NYSE:WRI) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $141.06 million during the quarter, compared to the consensus estimate of $139.72 million. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. Weingarten Realty Investors’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. analysts anticipate that Weingarten Realty Investors will post 2.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 9.86%. This is a boost from Weingarten Realty Investors’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, December 22nd. Weingarten Realty Investors’s dividend payout ratio is currently 94.48%.

WRI has been the subject of a number of recent analyst reports. Boenning Scattergood set a $30.00 price objective on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a report on Thursday, October 26th. Jefferies Group set a $33.00 target price on shares of Weingarten Realty Investors and gave the company a “hold” rating in a research note on Friday, December 15th. JPMorgan Chase & Co. decreased their target price on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Finally, ValuEngine downgraded shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.50.

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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.

Insider Buying and Selling by Quarter for Weingarten Realty Investors (NYSE:WRI)

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