Weingarten Realty Investors Given Consensus Rating of “Buy” by Brokerages (NYSE:WRI)
Weingarten Realty Investors (NYSE:WRI) has received a consensus rating of “Buy” from the nine brokerages that are presently covering the company, Analyst Ratings.Net reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $35.33.
Shares of Weingarten Realty Investors (NYSE:WRI) traded up 0.27% during mid-day trading on Monday, hitting $32.95. The stock had a trading volume of 274,070 shares. Weingarten Realty Investors has a 52 week low of $27.21 and a 52 week high of $32.86. The stock has a 50-day moving average of $31.66 and a 200-day moving average of $30.03. The company has a market cap of $4.025 billion and a price-to-earnings ratio of 19.24.
Weingarten Realty Investors (NYSE:WRI) last released its earnings data on Thursday, April 24th. The company reported $0.49 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.48 earnings per share. Weingarten Realty Investors’s revenue was up 8.3% compared to the same quarter last year. Analysts expect that Weingarten Realty Investors will post $2.00 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Weingarten Realty Investors from $34.00 to $35.00 in a research note on Friday. 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.
Weingarten Realty Investors is a real estate investment trust (NYSE:WRI).
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