About Weingarten Realty Investors (NYSE:WRI)
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. As of December 31, 2016, the Company had owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 220 centers, primarily neighborhood and community shopping centers, which were located in 18 states spanning the country from coast to coast with approximately 44.7 million square feet of gross leasable area. Its centers are located principally in the South, West Coast and Southeast Coast of the United States with concentrations in Arizona, California, Florida and Texas. It also owned interests in 28 parcels of land that totaled approximately 19.8 million square feet, as of December 31, 2016.
Industry, Sector and Symbol:
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Sector: Financials
- Symbol: NYSE:WRI
- CUSIP: 94874110
- Web: www.weingarten.com
- Debt-to-Equity Ratio: 1.24%
- Current Ratio: 1.22%
- Quick Ratio: 1.22%
Sales & Book Value:
- Trailing P/E Ratio: 13.65
- Forward P/E Ratio: 13.62
- P/E Growth: 3.32
- Annual Sales: $549.55 million
- Price / Sales: 7.73
- Cash Flow: $3.13 per share
- Price / Cash: 10.56
- Book Value: $13.41 per share
- Price / Book: 2.47
- Annual Dividend: $1.54
- Dividend Yield: 4.6%
- Trailing EPS: $1.64
- Net Income: $238.93 million
- Net Margins: 36.86%
- Return on Equity: 12.07%
- Return on Assets: 4.85%
- Employees: 304
- Outstanding Shares: 128,430,000
Frequently Asked Questions for Weingarten Realty Investors (NYSE:WRI)
What is Weingarten Realty Investors' stock symbol?
Weingarten Realty Investors trades on the New York Stock Exchange (NYSE) under the ticker symbol "WRI."
How often does Weingarten Realty Investors pay dividends? What is the dividend yield for Weingarten Realty Investors?
Weingarten Realty Investors announced a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.385 per share on Friday, December 15th. This represents a $1.54 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, December 7th. View Weingarten Realty Investors' Dividend History.
How were Weingarten Realty Investors' earnings last quarter?
Weingarten Realty Investors (NYSE:WRI) issued its quarterly earnings results on Tuesday, October, 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The real estate investment trust earned $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%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. View Weingarten Realty Investors' Earnings History.
When will Weingarten Realty Investors make its next earnings announcement?
What guidance has Weingarten Realty Investors issued on next quarter's earnings?
Weingarten Realty Investors updated its FY17 earnings guidance on Tuesday, October, 24th. The company provided EPS guidance of $2.42-2.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.42.
Where is Weingarten Realty Investors' stock going? Where will Weingarten Realty Investors' stock price be in 2017?
4 equities research analysts have issued twelve-month price objectives for Weingarten Realty Investors' shares. Their forecasts range from $30.00 to $37.00. On average, they expect Weingarten Realty Investors' stock price to reach $33.25 in the next year. View Analyst Ratings for Weingarten Realty Investors.
Who are some of Weingarten Realty Investors' key competitors?
Some companies that are related to Weingarten Realty Investors include Kimco Realty Corporation (KIM), National Retail Properties (NNN), Brixmor Property Group (BRX), CoreSite Realty Corporation (COR), Taubman Centers (TCO), DDR Corp. (DDR), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), Kite Realty Group Trust (KRG), Four Corners Property Trust (FCPT), Agree Realty Corporation (ADC), Saul Centers (BFS), Washington Prime Group (WPG), Ramco-Gershenson Properties Trust (RPT) and Getty Realty Corporation (GTY).
Who are Weingarten Realty Investors' key executives?
Weingarten Realty Investors' management team includes the folowing people:
- Stanford Alexander, Chairman of the Board of Trust Managers (Age 88)
- Andrew M. Alexander, President, Chief Executive Officer, Trust Manager (Age 60)
- Stephen C. Richter, Chief Financial Officer, Executive Vice President (Age 62)
- Johnny L. Hendrix, Chief Operating Officer, Executive Vice President (Age 59)
- Shelaghmichael Brown, Independent Trust Manager (Age 67)
- James W. Crownover, Independent Trust Manager (Age 73)
- Stephen A. Lasher, Independent Trust Manager (Age 68)
- Thomas L. Ryan, Independent Trust Manager (Age 51)
- Douglas W. Schnitzer, Independent Trust Manager (Age 60)
Who owns Weingarten Realty Investors stock?
Weingarten Realty Investors' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (11.44%), Bank of New York Mellon Corp (2.99%), Dimensional Fund Advisors LP (1.37%), Russell Investments Group Ltd. (1.08%), Schwab Charles Investment Management Inc. (0.95%) and Hermes Investment Management Ltd. (0.87%). Company insiders that own Weingarten Realty Investors stock include Andrew M Alexander, Johnny Hendrix, Melvin A Dow, Richard David Williams, Robert J Cruikshank, Stephen A Lasher and Stephen C Richter. View Institutional Ownership Trends for Weingarten Realty Investors.
Who sold Weingarten Realty Investors stock? Who is selling Weingarten Realty Investors stock?
Weingarten Realty Investors' stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Stifel Financial Corp, Nationwide Fund Advisors, New Capital Management LP, JPMorgan Chase & Co., First Trust Advisors LP, Hermes Investment Management Ltd. and Asset Management One Co. Ltd.. View Insider Buying and Selling for Weingarten Realty Investors.
Who bought Weingarten Realty Investors stock? Who is buying Weingarten Realty Investors stock?
Weingarten Realty Investors' stock was purchased by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Russell Investments Group Ltd., Sei Investments Co., Bank of New York Mellon Corp, Schwab Charles Investment Management Inc., Citadel Advisors LLC, Stevens Capital Management LP and Legal & General Group Plc. View Insider Buying and Selling for Weingarten Realty Investors.
How do I buy Weingarten Realty Investors stock?
Shares of Weingarten Realty Investors can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Weingarten Realty Investors' stock price today?
One share of Weingarten Realty Investors stock can currently be purchased for approximately $33.09.
How big of a company is Weingarten Realty Investors?
Weingarten Realty Investors has a market capitalization of $4.25 billion and generates $549.55 million in revenue each year. The real estate investment trust earns $238.93 million in net income (profit) each year or $1.64 on an earnings per share basis. Weingarten Realty Investors employs 304 workers across the globe.
How can I contact Weingarten Realty Investors?
Weingarten Realty Investors' mailing address is 2600 Citadel Plaza Dr Ste 300, HOUSTON, TX 77008-1315, United States. The real estate investment trust can be reached via phone at +1-713-8666000 or via email at [email protected]
MarketBeat Community Rating for Weingarten Realty Investors (NYSE WRI)MarketBeat's community ratings are surveys of what our community members think about Weingarten Realty Investors and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Weingarten Realty Investors (NYSE:WRI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$33.25 (0.48% upside)|
Consensus Price Target History for Weingarten Realty Investors (NYSE:WRI)
Analysts' Ratings History for Weingarten Realty Investors (NYSE:WRI)
(Data available from 11/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/30/2017||J P Morgan Chase & Co||Lower Price Target||Neutral||$35.00 -> $34.00||N/A|
|10/26/2017||Boenning Scattergood||Set Price Target||Sell||$30.00||N/A|
|8/29/2017||Jefferies Group LLC||Reiterated Rating||Hold||$32.00||Low|
|8/24/2017||Robert W. Baird||Reiterated Rating||Buy||$37.00||Medium|
|8/12/2016||Citigroup Inc.||Boost Price Target||Neutral||$40.00 -> $42.00||N/A|
Earnings History and Estimates Chart for Weingarten Realty Investors (NYSE:WRI)
Earnings History by Quarter for Weingarten Realty Investors (NYSE WRI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/20/2018|| || || || || || || || |
|10/24/2017||Q3 2017||$0.60||$0.61||$139.72 million||$141.06 million||View||N/A|
|7/27/2017||Q2 2017||$0.60||$0.61||$142.34 million||$142.96 million||View||N/A|
|4/24/2017||Q1 2017||$0.60||$0.61||$140.08 million||$140.82 million||View||N/A|
|2/21/2017||Q416||$0.22||$0.61||$138.39 million||$142.90 million||View||N/A|
|10/27/2016||Q3||$0.58||$0.58||$134.50 million||$129.70 million||View||N/A|
|7/28/2016||Q2||$0.56||$0.57||$129.52 million||$135.70 million||View||N/A|
|4/21/2016||Q1||$0.56||$0.57||$128.45 million||$132.42 million||View||N/A|
|2/16/2016||Q4||$0.56||$0.56||$123.82 million||$129.70 million||View||Listen|
|10/29/2015||Q216||$0.55||$0.56||$128.09 million||$130.80 million||View||Listen|
|7/28/2015||Q116||$0.53||$0.54||$125.14 million||$126.80 million||View||Listen|
|4/28/2015||Q1||$0.52||$0.52||$118.47 million||$125.60 million||View||N/A|
|2/17/2015||Q414||$0.50||$0.51||$127.10 million||$126.10 million||View||N/A|
|10/23/2014||Q314||$0.50||$0.53||$126.80 million||$130.50 million||View||N/A|
|7/24/2014||Q214||$0.50||$0.51||$123.98 million||$130.19 million||View||N/A|
|4/24/2014||Q114||$0.49||$0.49||$125.49 million||$127.60 million||View||N/A|
|11/1/2013||Q313||$0.47||$0.51||$130.40 million||$130.70 million||View||N/A|
|4/30/2013||Q113||$0.46||$0.48||$121.82 million||$131.70 million||View||N/A|
|2/14/2013||Q412||$0.45||$0.47||$129.38 million||$131.90 million||View||N/A|
|10/29/2012||Q312||$0.44||$0.46||$127.18 million||$129.54 million||View||N/A|
Earnings Estimates for Weingarten Realty Investors (NYSE:WRI)
2017 EPS Consensus Estimate: $2.40
2018 EPS Consensus Estimate: $2.47
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Weingarten Realty Investors (NYSE:WRI)
|Dividend Growth:||6.20% (3 Year Average)|
|Payout Ratio:||93.90% (Trailing 12 Months of Earnings) |
63.37% (Based on This Year's Estimates)
62.10% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Weingarten Realty Investors (NYSE WRI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Weingarten Realty Investors (NYSE WRI)
Insider Ownership Percentage: 7.30%
Institutional Ownership Percentage: 78.52%
Insider Trades by Quarter for Weingarten Realty Investors (NYSE WRI)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/21/2017||Richard David Williams||Director||Buy||1,000||$0.05||$50.00|
|9/7/2016||Andrew M. Alexander||CEO||Sell||5,731||$41.59||$238,352.29|| |
|9/7/2016||Stephen A Lasher||Director||Sell||8,287||$41.75||$345,982.25|| |
|9/2/2016||Stephen A Lasher||Director||Sell||10,900||$41.90||$456,710.00|| |
|8/29/2016||Andrew M Alexander||CEO||Sell||34,366||$41.76||$1,435,124.16|| |
|8/29/2016||Stephen A Lasher||Director||Sell||33,313||$41.81||$1,392,816.53|| |
|8/25/2016||Andrew M Alexander||CEO||Sell||55,597||$41.67||$2,316,726.99|| |
|8/16/2016||Andrew M Alexander||CEO||Sell||66,224||$41.59||$2,754,256.16|| |
|8/2/2016||Stephen C Richter||CFO||Sell||18,000||$42.80||$770,400.00|| |
|4/26/2016||Johnny Hendrix||COO||Sell||69,303||$37.69||$2,612,030.07|| |
|3/28/2016||Richard David Williams||Director||Buy||10,000||$0.02||$150.00|
|3/24/2016||Richard David Williams||Director||Buy||50,000||$0.02||$750.00|
|3/9/2016||Andrew M Alexander||CEO||Sell||84,900||$36.00||$3,056,400.00|| |
|3/7/2016||Andrew M Alexander||CEO||Sell||89,747||$36.12||$3,241,661.64|| |
|2/24/2016||Melvin A Dow||Director||Sell||4,243||$35.18||$149,268.74|| |
|2/22/2016||Robert J Cruikshank||Director||Sell||4,243||$35.51||$150,668.93|| |
|2/8/2016||Richard David Williams||Director||Buy||10,000||$0.02||$200.00|
|9/17/2015||Richard David Williams||Director||Buy||5,000||$0.03||$150.00|
|5/29/2015||Marc J Shapiro||Director||Buy||20,000||$33.95||$679,000.00|| |
|5/4/2015||Robert J Cruikshank||Director||Sell||1,500||$33.54||$50,310.00|| |
|3/25/2015||Richard David Williams||Director||Buy||5,000||$0.04||$175.00|
|3/11/2015||Stephen A Lasher||Director||Sell||20,000||$34.75||$695,000.00|| |
|3/2/2015||Johnny Hendrix||COO||Sell||21,158||$36.19||$765,708.02|| |
|2/27/2015||Robert J Cruikshank||Director||Sell||3,951||$35.94||$141,998.94|| |
|2/20/2015||Melvin A Dow||Director||Sell||4,094||$36.48||$149,349.12|| |
|2/4/2015||Richard David Williams||Director||Buy||5,000||$0.03||$125.00|
|2/4/2015||Richard David Williams||Director||Buy||5,000||$0.03||$125.00|
|12/9/2014||Robert J Cruikshank||Director||Sell||1,500||$34.83||$52,245.00|| |
|11/25/2014||Richard David Williams||Director||Buy||25,000||$0.03||$750.00|
|11/6/2014||Johnny Hendrix||VP||Sell||100,743||$36.76||$3,703,312.68|| |
|11/4/2014||Johnny Hendrix||VP||Sell||100,743||$36.76||$3,703,312.68|| |
|11/4/2014||Stephen C Richter||CFO||Sell||44,232||$36.71||$1,623,756.72|| |
|5/6/2014||Stephen Richter||CFO||Sell||8,359||$31.20||$260,800.80|| |
|3/7/2014||Robert Cruikshank||Director||Sell||3,500||$30.21||$105,735.00|| |
|2/25/2014||Melvin Dow||Director||Sell||6,357||$30.72||$195,287.04|| |
|12/12/2013||Robert Cruikshank||Director||Sell||1,998||$27.84||$55,624.32|| |
|8/30/2013||Thomas Ryan||Director||Buy||2,000||$29.05||$58,100.00|| |
|8/26/2013||Thomas Ryan||Director||Buy||2,000||$29.29||$58,580.00|| |
|5/10/2013||Stephen A Lasher||Director||Sell||67,000||$35.59||$2,384,530.00|| |
|8/15/2012||Thomas L Ryan||Director||Buy||1,000||$27.43||$27,430.00|| |
Latest Headlines for Weingarten Realty Investors (NYSE WRI)
Weingarten Realty Investors (NYSE WRI) Chart for Tuesday, November, 21, 2017