UBS lowered shares of Weingarten Realty (NYSE:WRI) from a buy rating to a neutral rating in a research report report published on Tuesday morning, www.benzinga.com reports.
Several other equities analysts also recently commented on the company. Bank of America raised Weingarten Realty from a neutral rating to a buy rating and set a $32.00 price objective on the stock in a research report on Thursday, March 1st. Citigroup cut their price objective on Weingarten Realty from $34.00 to $30.00 and set a neutral rating on the stock in a research report on Wednesday, February 28th. Jefferies Group reaffirmed a hold rating and issued a $29.00 price objective on shares of Weingarten Realty in a research report on Tuesday, February 27th. Boenning Scattergood reaffirmed a hold rating on shares of Weingarten Realty in a research report on Friday, February 23rd. Finally, Capital One downgraded Weingarten Realty from an overweight rating to an equal weight rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $32.00.
NYSE WRI opened at $26.33 on Tuesday. The company has a market cap of $3,547.98, a PE ratio of 10.75, a P/E/G ratio of 3.16 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Weingarten Realty has a fifty-two week low of $25.96 and a fifty-two week high of $35.45.
Weingarten Realty (NYSE:WRI) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.69. The firm had revenue of $135.80 million for the quarter, compared to the consensus estimate of $140.94 million. Weingarten Realty had a return on equity of 18.88% and a net margin of 58.81%. equities analysts expect that Weingarten Realty will post 2.31 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB bought a new position in shares of Weingarten Realty during the 4th quarter worth $355,000. Envestnet Asset Management Inc. grew its position in shares of Weingarten Realty by 13.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 31,031 shares of the real estate investment trust’s stock worth $1,019,000 after buying an additional 3,577 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Weingarten Realty during the 4th quarter worth $2,484,000. Jane Street Group LLC bought a new position in shares of Weingarten Realty during the 4th quarter worth $320,000. Finally, Verition Fund Management LLC grew its position in shares of Weingarten Realty by 62.5% during the 4th quarter. Verition Fund Management LLC now owns 18,433 shares of the real estate investment trust’s stock worth $606,000 after buying an additional 7,089 shares in the last quarter. 78.34% of the stock is currently owned by institutional investors.
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Weingarten Realty Company Profile
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At December 31, 2017, 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 204 properties which are located in 17 states spanning the country from coast to coast.
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