Weingarten Realty Investors (WRI) Receives Average Rating of “Hold” from Brokerages

Weingarten Realty Investors (NYSE:WRI) has received an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $34.67.

Several brokerages have recently commented on WRI. Zacks Investment Research lowered Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine lowered Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. They noted that the move was a valuation call. Jefferies Group set a $33.00 price objective on Weingarten Realty Investors and gave the company a “hold” rating in a research report on Friday, December 15th. Finally, Boenning Scattergood upgraded Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a research report on Thursday, December 14th.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Weingarten Realty Investors by 4.8% during the 4th quarter. BlackRock Inc. now owns 15,810,270 shares of the real estate investment trust’s stock worth $519,684,000 after acquiring an additional 717,876 shares during the last quarter. Cohen & Steers Inc. grew its position in Weingarten Realty Investors by 70.1% during the 3rd quarter. Cohen & Steers Inc. now owns 14,697,487 shares of the real estate investment trust’s stock worth $466,498,000 after acquiring an additional 6,056,312 shares during the last quarter. State Street Corp grew its position in Weingarten Realty Investors by 1.7% during the 2nd quarter. State Street Corp now owns 5,343,782 shares of the real estate investment trust’s stock worth $160,839,000 after acquiring an additional 88,325 shares during the last quarter. Bank of New York Mellon Corp grew its position in Weingarten Realty Investors by 15.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,414,685 shares of the real estate investment trust’s stock worth $145,111,000 after acquiring an additional 574,927 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Weingarten Realty Investors by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,764,457 shares of the real estate investment trust’s stock worth $56,005,000 after acquiring an additional 45,815 shares during the last quarter. Institutional investors and hedge funds own 79.29% of the company’s stock.

Shares of Weingarten Realty Investors (NYSE WRI) traded down $0.34 during trading on Wednesday, hitting $26.70. The stock had a trading volume of 918,815 shares, compared to its average volume of 745,352. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $3,450.88, a price-to-earnings ratio of 16.38, a PEG ratio of 2.80 and a beta of 0.53. Weingarten Realty Investors has a 12-month low of $25.96 and a 12-month high of $36.78.

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Weingarten Realty Investors Company Profile

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.

Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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