Weingarten Realty Investors (WRI): Why its showing bull behavior?


Weingarten Realty Investors (NYSE:WRI) changes shares on Thursday trading session, with a change of 1.31% or $0.23 shares. The trading starts at $17.57 and closed at $17.61 throughout the day. The trading session low price was $17.36 and day high was $18.005 on Thursday, August 06. After the session, the Real Estate sector daily volume shifted to 1.06 million while its average volume is 1.27M. In other hand, the WRI market cap reached to $2.31B. While, its current target price is $20.45.

On April 24, 2018, BRIEF-Weingarten Realty Investors Q1 Earnings Per Share $1.13. According to the news reported on Reuters, * Q1 EARNINGS PER SHARE VIEW $0.23 — THOMSON REUTERS I/B/E/S

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.48% and up 0.17% for month. Its quarterly performance was 7.08% above, while its half year performance is down -40.85%. WRI yearly performance stood at negative -36.01% and fall -42.89% for year-to-date. Current recommendation for Weingarten Realty Investors is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. WRI EPS (TTM) for 12-month is 1.90. EPS for this year is -4.30%, while for the next year its value is 0.64. Sales growth for the current quarter is 1.04 while its EPS Q/Q reached 5.70%. It has an EPS of 5.50% up for past five years and for the next five years will be up 9.00%.

Let’s take a look on the analyst recommendations on WRI for the current month and previous month. For the current month, 3 of 11 analysts recommend stock as Buy while 1 as Sell, 2 as overweight, 0 as underweight and 5 as Hold. As compared with the previous month ratings, 10 analysts participate in stock recommendation. Out of 10, 1 rated it sell, 3 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $16.00 – $24.00. Average target price for WRI was reached at $20.32.

The insider ownership moved to 1.80% and institutional holding shifted to 83.80%.

The company posted an EPS (TTM) of 1.90. According to the most recent quarter report on (Sep 2020), 5 analysts estimated an average EPS of 0.13, while 0.82 EPS posted a year ago period. Analyst Estimated EPS for WRI published in the report was $0.09 – $0.17 during the same period. Comparing with last year, the average estimated EPS was 0.82 which is higher than 0.09 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for WRI fall -24.55% for period of 200 days. SMA for 50 days was -4.19% which is showing red signal, while SMA-20 was 3.77%. The moving average value for Weingarten Realty Investors (WRI) is 20.34 and 17.81 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in WRI stock. On Jun 05, LASHER STEPHEN A, Director, sold 20,000 trading shares at the cost of $23.22, which valued at 0.46 million. On Jun 05, LASHER STEPHEN A, Director, sold 35,000 shares at the cost of $23.22, with total shares of 82,692. On Mar 11, LASHER STEPHEN A, Director, bought 10,000 shares at the cost of 22.89. After this transaction, LASHER STEPHEN A total shares reached to 117,692 which valued at 0.23 million.