Weingarten Realty Investors (NYSE: WRI) is 47.81% higher on its value in year-to-date trading and has touched a low of $13.68 and a high of $32.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WRI stock was last observed hovering at around $31.89 in the last trading session, with the day’s gains setting it 0.14% off its average median price target of $29.50 for the next 12 months. It is also 5.79% off the consensus price target high of $34.00 offered by 9 analysts, but current levels are -23.19% lower than the price target low of $26.00 for the same period.
Currently trading at $32.03, the stock is 10.83% and 16.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 0.44% at the moment leaves the stock 50.60% off its SMA200. WRI registered 92.37% gain for a year compared to 6-month gain of 96.07%. The firm has a 50-day simple moving average (SMA 50) of $28.16 and a 200-day simple moving average (SMA200) of $23.26.
The stock witnessed a 19.16% loss in the last 1 month and extending the period to 3 months gives it a 40.42%, and is 3.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.64% over the week and 2.75% over the month.
Weingarten Realty Investors (WRI) has around 243 employees, a market worth around $4.02B and $433.90M in sales. Current P/E ratio is 36.69 and Fwd P/E is 69.63. Profit margin for the company is 25.80%. Distance from 52-week low is 134.21% and -0.81% from its 52-week high. The company has generated returns on investments over the last 12 months (2.00%).
Weingarten Realty Investors (WRI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Weingarten Realty Investors (WRI) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.40, where 5 rate it as a Hold and 2 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Weingarten Realty Investors is expected to release its quarterly report on 08/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $105.69M over the same period.The EPS is expected to shrink by -64.10% this year, but quarterly earnings will post 0.30% year-over-year. Quarterly sales are estimated to grow 10.30% in year-over-year returns.
Weingarten Realty Investors (WRI) Top Institutional Holders
398 institutions hold shares in Weingarten Realty Investors (WRI), with 8.3M shares held by insiders accounting for 6.56% while institutional investors hold 92.22% of the company’s shares. The shares outstanding are 126.79M, and float is at 119.04M with Short Float at 2.69%. Institutions hold 86.17% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 16.88 million shares valued at $365.85 million. The investor’s holdings represent 13.22% of the WRI Shares outstanding. As of Dec 30, 2020, the second largest holder is JP Morgan Chase & Company with 15.86 million shares valued at $343.73 million to account for 12.42% of the shares outstanding. The other top investors are Blackrock Inc. which holds 13.1 million shares representing 10.26% and valued at over $283.89 million, while State Street Corporation holds 4.13% of the shares totaling 5.27 million with a market value of $114.25 million.
Weingarten Realty Investors (WRI) Insider Activity
A total of 24 insider transactions have happened at Weingarten Realty Investors (WRI) in the last six months, with sales accounting for 8 and purchases happening 16 times. The most recent transaction is an insider sale by Brown Shelaghmichael C., the company’s Director. SEC filings show that Brown Shelaghmichael C. sold 3,574 shares of the company’s common stock on Nov 05 at a price of $16.84 per share for a total of $60186.0. Following the sale, the insider now owns 33021.0 shares.
Weingarten Realty Investors disclosed in a document filed with the SEC on Jun 05 that LASHER STEPHEN A (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Jun 05 and was made at $23.22 per share for $0.46 million. Following the transaction, the insider now directly holds 5000.0 shares of the WRI stock.
Still, SEC filings show that on Jun 05, LASHER STEPHEN A (Director) disposed off 35,000 shares at an average price of $23.22 for $0.81 million. The insider now directly holds 82,692 shares of Weingarten Realty Investors (WRI).
Weingarten Realty Investors (WRI): Who are the competitors?
The company’s main competitors (and peers) include Agree Realty Corporation (ADC) that is trading 10.08% up over the past 12 months. Cedar Realty Trust Inc. (CDR) is 151.01% up on the 1-year trading charts. Short interest in the company’s stock has fallen -17.22% from the last report on Apr 14, 2021 to stand at a total of 3.2 million short shares sold with a short interest ratio of 2.35.