Weingarten Realty Investors (WRI) Upgraded at SunTrust Banks

SunTrust Banks upgraded shares of Weingarten Realty Investors (NYSE:WRI) from a hold rating to a buy rating in a research report released on Monday, January 22nd, MarketBeat Ratings reports. SunTrust Banks also issued estimates for Weingarten Realty Investors’ FY2022 earnings at $2.87 EPS. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of Weingarten Realty Investors from a buy rating to a hold rating in a report on Sunday, December 31st. Boenning Scattergood upgraded shares of Weingarten Realty Investors from an under perform rating to a neutral rating in a report on Thursday, December 14th. Jefferies Group set a $33.00 price objective on shares of Weingarten Realty Investors and gave the company a hold rating in a report on Friday, December 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a neutral rating on the stock in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $33.50.

Weingarten Realty Investors (WRI) opened at $26.70 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24. Weingarten Realty Investors has a fifty-two week low of $25.96 and a fifty-two week high of $36.78. The company has a market cap of $3,430.00, a P/E ratio of 16.28, a PEG ratio of 2.80 and a beta of 0.53.

Institutional investors have recently modified their holdings of the business. Brown Advisory Inc. grew its position in Weingarten Realty Investors by 90.6% during the 3rd quarter. Brown Advisory Inc. now owns 28,920 shares of the real estate investment trust’s stock worth $918,000 after purchasing an additional 13,747 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Weingarten Realty Investors by 11.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,490 shares of the real estate investment trust’s stock worth $1,285,000 after acquiring an additional 4,045 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Weingarten Realty Investors by 2.7% in 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 period. Russell Investments Group Ltd. lifted its stake in shares of Weingarten Realty Investors by 75.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,383,769 shares of the real estate investment trust’s stock worth $43,929,000 after acquiring an additional 595,232 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Weingarten Realty Investors by 1.7% in the 2nd quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock worth $58,138,000 after acquiring an additional 32,085 shares during the period. 79.29% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Weingarten Realty Investors (WRI) Upgraded at SunTrust Banks” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/15/weingarten-realty-investors-wri-upgraded-to-buy-at-suntrust-banks.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.

Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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