Weingarten Realty Investors (NYSE:WRI) was upgraded by investment analysts at Boenning Scattergood to a “neutral” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
WRI has been the subject of a number of other reports. Citigroup Inc. upped their price target on Weingarten Realty Investors from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, August 12th. Jefferies Group assumed coverage on Weingarten Realty Investors in a research note on Thursday, June 30th. They issued a “hold” rating and a $40.00 price target for the company. Finally, Zacks Investment Research cut Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, June 30th.
Shares of Weingarten Realty Investors (NYSE:WRI) opened at 37.58 on Tuesday. The company’s 50 day moving average is $39.23 and its 200 day moving average is $39.44. Weingarten Realty Investors has a 12-month low of $31.89 and a 12-month high of $43.70. The firm has a market capitalization of $4.80 billion, a PE ratio of 20.27 and a beta of 0.81.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company earned $135.70 million during the quarter, compared to analysts’ expectations of $129.52 million. Weingarten Realty Investors had a return on equity of 14.66% and a net margin of 44.98%. Weingarten Realty Investors’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. On average, analysts forecast that Weingarten Realty Investors will post $2.30 earnings per share for the current year.
In related news, Director Stephen A. Lasher sold 8,287 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$41.75, for a total transaction of C$345,982.25. Following the completion of the sale, the director now directly owns 203,529 shares of the company’s stock, valued at approximately C$8,497,335.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew M. Alexander sold 5,731 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$41.59, for a total value of C$238,352.29. The disclosure for this sale can be found here. Corporate insiders own 8.80% of the company’s stock.
A number of hedge funds have recently bought and sold shares of WRI. Tower Research Capital LLC TRC boosted its stake in Weingarten Realty Investors by 967.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,767 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 3,414 shares during the last quarter. CT Financial Advisors LLC increased its position in Weingarten Realty Investors by 0.3% in the third quarter. CT Financial Advisors LLC now owns 4,077 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 13 shares during the period. Advisor Group Inc. purchased a new position in Weingarten Realty Investors during the second quarter worth $163,000. Baird Financial Group Inc. purchased a new position in Weingarten Realty Investors during the second quarter worth $204,000. Finally, Suntrust Banks Inc. purchased a new position in Weingarten Realty Investors during the second quarter worth $207,000. 80.61% of the stock is owned by institutional investors and hedge funds.
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. It is engaged in the business of owning, managing and developing retail shopping centers. Its properties consist primarily of neighborhood and community shopping centers.
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