Weingarten Realty Investors (WRI) Raised to “Hold” at ValuEngine

Weingarten Realty Investors (NYSE:WRI) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday.

WRI has been the topic of several other reports. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Scotiabank initiated coverage on shares of Weingarten Realty Investors in a research report on Tuesday, October 16th. They issued a “sector perform” rating on the stock. Wells Fargo & Co boosted their price objective on shares of Weingarten Realty Investors from $27.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, August 9th. Jefferies Financial Group set a $30.00 price objective on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a research report on Wednesday, August 15th. Finally, Citigroup set a $29.00 price objective on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a research report on Tuesday, November 20th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Weingarten Realty Investors presently has a consensus rating of “Hold” and a consensus price target of $31.17.

Shares of Weingarten Realty Investors stock traded up $0.63 on Thursday, hitting $28.84. The company’s stock had a trading volume of 1,397,838 shares, compared to its average volume of 767,540. Weingarten Realty Investors has a 52-week low of $25.67 and a 52-week high of $33.83. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $3.62 billion, a PE ratio of 11.77, a P/E/G ratio of 2.71 and a beta of 0.51.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.24 by $0.12. Weingarten Realty Investors had a net margin of 80.35% and a return on equity of 22.88%. The business had revenue of $125.26 million for the quarter, compared to analyst estimates of $126.36 million. On average, research analysts expect that Weingarten Realty Investors will post 2.31 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new position in Weingarten Realty Investors in the 2nd quarter valued at about $129,000. Cadence Capital Management LLC acquired a new position in Weingarten Realty Investors in the 2nd quarter valued at about $207,000. CIBC Asset Management Inc acquired a new position in Weingarten Realty Investors in the 2nd quarter valued at about $212,000. Creative Planning acquired a new position in Weingarten Realty Investors in the 3rd quarter valued at about $218,000. Finally, Commonwealth Equity Services LLC acquired a new position in Weingarten Realty Investors in the 2nd quarter valued at about $230,000. 76.52% of the stock is owned by hedge funds and other institutional investors.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2018, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 185 properties which are located in 17 states spanning the country from coast to coast.

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Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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