ValuEngine Lowers Weingarten Realty Investors (NYSE:WRI) to Hold

Weingarten Realty Investors (NYSE:WRI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Sunday, December 31st.

Several other research firms have also issued reports on WRI. JPMorgan Chase & Co. cut their price target on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Jefferies Group set a $33.00 price objective on shares of Weingarten Realty Investors and gave the company a “hold” rating in a research note on Friday, December 15th. Finally, Boenning Scattergood set a $30.00 price objective on shares of Weingarten Realty Investors and gave the company a “sell” rating in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.50.

Weingarten Realty Investors (NYSE WRI) opened at $30.69 on Friday. Weingarten Realty Investors has a 1 year low of $29.03 and a 1 year high of $36.82. The stock has a market cap of $3,940.00, a price-to-earnings ratio of 18.71, a P/E/G ratio of 3.11 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22.

Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The company had revenue of $141.06 million during the quarter, compared to analyst estimates of $139.72 million. During the same period in the previous year, the business earned $0.58 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. analysts predict that Weingarten Realty Investors will post 2.43 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia increased its stake in shares of Weingarten Realty Investors by 3.9% during the second quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 176 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in shares of Weingarten Realty Investors by 0.4% during the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 86,331 shares of the real estate investment trust’s stock valued at $2,599,000 after purchasing an additional 363 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Weingarten Realty Investors by 7.6% during the second quarter. PNC Financial Services Group Inc. now owns 7,055 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 498 shares in the last quarter. Ffcm LLC increased its stake in shares of Weingarten Realty Investors by 6.4% during the second quarter. Ffcm LLC now owns 8,490 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 510 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Weingarten Realty Investors by 13.9% during the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 599 shares in the last quarter. 79.14% of the stock is owned by institutional investors.

WARNING: “ValuEngine Lowers Weingarten Realty Investors (NYSE:WRI) to Hold” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/16/weingarten-realty-investors-wri-rating-lowered-to-hold-at-valuengine.html.

About Weingarten Realty Investors

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply