Weingarten Realty Investors (WRI) Downgraded by Zacks Investment Research to “Sell”

Weingarten Realty Investors (NYSE:WRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

According to Zacks, “Weingarten Realty Investors is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in twenty one states that span the southern portion of the United States from coast to coast. Weingarten’s business activities encompass the long-term ownership, management, acquisition, development and redevelopment of strategically located neighborhood and community shopping centers and select industrial properties. The vast majority of our shopping centers are anchored by either a supermarket or a national value-oriented retailer. These anchors combined with convenient locations, attractive and well-maintained properties and a strong tenant mix help to ensure the long-term success of our merchants and the viability of our portfolio. The Company’s portfolio of Thirf caproperties includes thirty neighborhood and community shopping centers and sixty four industrial properties, aggregating fourty million square feet. “

A number of other brokerages also recently weighed in on WRI. SunTrust Banks upgraded shares of 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. JPMorgan Chase & Co. cut their price target on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Jefferies Group set a $33.00 price target on shares of Weingarten Realty Investors and gave the company a “hold” rating in a research report on Friday, December 15th. Boenning Scattergood set a $30.00 price target on shares of Weingarten Realty Investors and gave the company a “sell” rating in a research report on Thursday, October 26th. Finally, ValuEngine downgraded shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Weingarten Realty Investors has a consensus rating of “Hold” and an average price target of $33.50.

Shares of Weingarten Realty Investors (NYSE WRI) traded up $0.40 during trading hours on Friday, hitting $26.88. 850,703 shares of the company were exchanged, compared to its average volume of 694,036. The firm has a market cap of $3,500.00, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. 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 1-year low of $26.05 and a 1-year high of $36.78.

Several large investors have recently made changes to their positions in the stock. Citadel Advisors LLC increased its stake in Weingarten Realty Investors by 256.8% during the 4th quarter. Citadel Advisors LLC now owns 667,725 shares of the real estate investment trust’s stock worth $21,948,000 after purchasing an additional 480,578 shares in the last quarter. American International Group Inc. increased its stake in Weingarten Realty Investors by 1.1% during the 4th quarter. American International Group Inc. now owns 247,119 shares of the real estate investment trust’s stock worth $8,123,000 after purchasing an additional 2,793 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Weingarten Realty Investors by 19.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 334,914 shares of the real estate investment trust’s stock worth $11,009,000 after purchasing an additional 55,378 shares in the last quarter. BlackRock Inc. increased its stake 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 purchasing an additional 717,876 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 purchasing an additional 574,927 shares in the last quarter. Institutional investors and hedge funds own 79.80% of the company’s stock.

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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.

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