Weingarten Realty Investors (WRI) Receiving Favorable News Coverage, Analysis Shows

Media coverage about Weingarten Realty Investors (NYSE:WRI) has trended positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Weingarten Realty Investors earned a news impact score of 0.50 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.

Several equities analysts recently commented on WRI shares. BidaskClub raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. TheStreet lowered shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a report on Monday, April 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $37.00 target price on shares of Weingarten Realty Investors in a report on Monday, April 24th. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. Finally, ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.60.

Shares of Weingarten Realty Investors (NYSE WRI) traded up 0.15% during midday trading on Tuesday, reaching $33.13. 801,357 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $30.86 and its 200-day moving average is $32.87. The stock has a market cap of $4.25 billion, a PE ratio of 22.26 and a beta of 0.72. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $42.45.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. The business had revenue of $142.96 million for the quarter, compared to analysts’ expectations of $142.34 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that Weingarten Realty Investors will post $0.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio (DPR) is 104.76%.

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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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