Weingarten Realty Investors (WRI) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Weingarten Realty Investors (NYSE:WRI) from a hold rating to a sell rating in a report published on Saturday morning.

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. “

Several other research analysts also recently commented on WRI. Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the stock a sell rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. dropped their price target on 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 Weingarten Realty Investors and gave the stock a hold rating in a research report on Friday, December 15th. ValuEngine downgraded Weingarten Realty Investors from a buy rating to a hold rating in a research report on Sunday, December 31st. Finally, SunTrust Banks raised 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $33.50.

Weingarten Realty Investors (WRI) opened at $26.88 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $3,452.17, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. Weingarten Realty Investors has a 1 year low of $26.05 and a 1 year high of $36.78.

Large investors have recently made changes to their positions in the company. Howe & Rusling Inc. grew its holdings in shares of Weingarten Realty Investors by 913.7% during the 3rd quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 3,198 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Weingarten Realty Investors by 13.9% during the 2nd quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 599 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of Weingarten Realty Investors by 80.8% during the 2nd quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 2,496 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Weingarten Realty Investors during the 3rd quarter worth approximately $214,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Weingarten Realty Investors by 7.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,055 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 498 shares in the last quarter. 79.80% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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