Weingarten Realty Investors (NYSE:WRI) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, WRI to report 3Q20 income of $ 0.08 per share.
For the full year, analysts anticipate top line of $ 416.50 million, while looking forward to income of $ 0.68 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.06 ~ $ 2.11 per share
Click Here For More Historical Outlooks Of Weingarten Realty Investors
Previous Quarter Performance
Weingarten Realty Investors revealed income for the second quarter of $ 0.34 per share, from the revenue of $ 95.81 million. According to street consensus, WRI was expected to report 2Q20 income of $ 0.15 per share from revenue of $ 110.17 million. The bottom line results beat street analysts by $ 0.19 or 126.67 percent, at the same time, top line results fell short of analysts by $ 14.36 million or 13.03 percent.
Stock Performance
Shares of Weingarten Realty Investors traded low $ -0.63 or -3.79 percent on Tuesday, reaching $ 15.98 with volume of 838.10 thousand shares. Weingarten Realty Investors has traded high as $ 16.72 and has cracked $ 15.96 on the downward trend
According to the previous trading day, closing price of $ 15.98, representing a 36.04 % increase from the 52 week low of $ 12.21 and a 48.37 % decrease over the 52 week high of $ 32.17.
The company has a market capital of $ 2.05 billion and is part of the Real Estate sector and REIT – Retail industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.18 per share on July 29, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 8, 2020 and ex-dividend date on September 4, 2020.
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 2019, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 173 properties which are located in 17 states spanning the country from coast to coast. These properties represent approximately 33.9 million square feet of which our interests in these properties aggregated approximately 22.2 million square feet of leasable area.
