Weingarten Realty Investors Price Target Raised to $35.00 at Cowen and Company (WRI)
Cowen and Company upped their target price on shares of Weingarten Realty Investors (NYSE:WRI) from $34.00 to $35.00 in a research note issued on Friday. Cowen and Company’s price target would indicate a potential upside of 6.51% from the stock’s previous close.
Weingarten Realty Investors (NYSE:WRI) traded up 0.70% on Friday, hitting $32.86. The stock had a trading volume of 973,645 shares. Weingarten Realty Investors has a 1-year low of $27.21 and a 1-year high of $32.86. The stock’s 50-day moving average is $31.66 and its 200-day moving average is $30.03. The company has a market cap of $4.014 billion and a P/E ratio of 19.10.
Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Thursday, April 24th. The company reported $0.49 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.49. The company had revenue of $127.60 million for the quarter, compared to the consensus estimate of $125.49 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Weingarten Realty Investors will post $2.00 earnings per share for the current fiscal year.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Weingarten Realty Investors in a research note on Tuesday, April 29th. They now have a $35.00 price target on the stock. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Weingarten Realty Investors presently has a consensus rating of “Buy” and an average price target of $35.33.
Weingarten Realty Investors is a real estate investment trust (NYSE:WRI).
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