Weingarten Realty Investors (NYSE:WRI) has a beta value of 1.42 and has seen 663,863 shares traded in the last trading session. The company, currently valued at $2.81 Billion, closed the last trade at $21.95 per share which meant it gained $0.2 on the day or 0.92% during that session. The WRI stock price is -46.56% off its 52-week high price of $32.17 and 44.37% above the 52-week low of $12.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 953.19 Million shares traded. The 3-month trading volume is 934.41 Million shares.
The consensus among analysts is that Weingarten Realty Investors (WRI) is a Hold stock at the moment, with a recommendation rating of 2.4. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 10 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.12.
Weingarten Realty Investors (NYSE:WRI) trade information
Sporting 0.92% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Nov 16 when the WRI stock price touched $22.70- or saw a rise of 3.3%. Year-to-date, Weingarten Realty Investors shares have moved -29.74%, while the 5-day performance has seen it change 4.52%. Over the past 30 days, the shares of Weingarten Realty Investors (NYSE:WRI) have changed 37.79%. Short interest in the company has seen 2.28 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $20.65, which means that the shares’ value could jump -5.92% from current levels. The projected low price target is $16 while the price target rests at a high of $24. In that case, then, we find that the current price level is +9.34% off the targeted high while a plunge would see the stock lose -27.11% from current levels.
Weingarten Realty Investors (WRI) estimates and forecasts
Figures show that Weingarten Realty Investors shares have underperformed across the wider relevant industry. The company’s shares have gained +15.89% over the past 6 months, with this year growth rate of -21.9%, compared to -21.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -79.3% and -65.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -10.9%.
6 analysts offering their estimates for the company have set an average revenue estimate of $106.92 Million for the current quarter. 4 have an estimated revenue figure of $106.39 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $115.78 Million for this quarter, and analysts expect sales will grow by -7.7% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +5.5% over the past 5 years. Earnings growth for 2020 is a modest -4.3% while over the next 5 years, the company’s earnings are expected to increase by 9%.
Weingarten Realty Investors is expected to release its next earnings report between October 28 and October 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.72 at a share yield of 3.31%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.24%.
Weingarten Realty Investors (NYSE:WRI)’s Major holders
Insiders own 6.88% of the company shares, while shares held by institutions stand at 85.29% with a share float percentage of 91.59%. Investors are also buoyed by the number of investors in a company, with Weingarten Realty Investors having a total of 381 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 16.64 Million shares worth more than $282.17 Million. As of September 29, 2020, Vanguard Group, Inc. (The) held 12.98% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 12.95 Million shares as of September 29, 2020. The firm’s total holdings are worth over $219.65 Million and represent 10.11% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Cohen & Steers Real Estate Securities Fund. As of July 30, 2020, the former fund manager holds about 4.26% shares in the company for having 5461591 shares of worth $93.17 Million while later fund manager owns 4.03 Million shares of worth $76.34 Million as of June 29, 2020, which makes it owner of about 3.15% of company’s outstanding stock.