Weingarten Realty Investors (WRI) Downgraded by TheStreet

TheStreet lowered shares of Weingarten Realty Investors (NYSE:WRI) from a b- rating to a c+ rating in a research note released on Thursday morning.

WRI has been the subject of several other research reports. JPMorgan Chase & Co. dropped their price target on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a neutral rating for the company in a research note 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 note on Friday, December 15th. SunTrust Banks raised shares of Weingarten Realty Investors from a hold rating to a buy rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Boenning Scattergood set a $30.00 price target on shares of Weingarten Realty Investors and gave the company a sell rating in a research note on Thursday, October 26th. Finally, ValuEngine cut shares of Weingarten Realty Investors from a buy rating to a hold rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $33.50.

Shares of Weingarten Realty Investors (NYSE WRI) opened at $28.12 on Thursday. Weingarten Realty Investors has a one year low of $25.96 and a one year high of $36.78. 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 firm has a market cap of $3,509.95, a P/E ratio of 17.25, a PEG ratio of 2.85 and a beta of 0.53.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Weingarten Realty Investors by 4.8% in the 4th quarter. BlackRock Inc. now owns 15,810,270 shares of the real estate investment trust’s stock valued at $519,684,000 after buying an additional 717,876 shares during the period. Cohen & Steers Inc. boosted its position in shares of Weingarten Realty Investors by 70.1% during the 3rd quarter. Cohen & Steers Inc. now owns 14,697,487 shares of the real estate investment trust’s stock worth $466,498,000 after purchasing an additional 6,056,312 shares during the period. State Street Corp boosted its position in shares of Weingarten Realty Investors by 1.7% during the 2nd quarter. State Street Corp now owns 5,343,782 shares of the real estate investment trust’s stock worth $160,839,000 after purchasing an additional 88,325 shares during the period. Bank of New York Mellon Corp boosted its position in shares of 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 during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Weingarten Realty Investors by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,764,457 shares of the real estate investment trust’s stock worth $56,005,000 after purchasing an additional 45,815 shares during the period. 79.29% of the stock is owned by institutional investors and hedge funds.

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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. 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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