Weingarten Realty Investors (NYSE:WRI) was upgraded by equities research analysts at Boenning Scattergood from an “under perform” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat.com reports.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. Jefferies Group reaffirmed a “hold” rating and set a $32.00 price objective on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. Finally, J P Morgan Chase & Co reduced their price objective 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $33.25.

Weingarten Realty Investors (NYSE WRI) remained flat at $$33.09 on Thursday. The stock had a trading volume of 498,230 shares, compared to its average volume of 851,862. The stock has a market cap of $4,207.32, a PE ratio of 13.43, a P/E/G ratio of 3.26 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $36.82.

Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $141.06 million during the quarter, compared to the consensus estimate of $139.72 million. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. analysts anticipate that Weingarten Realty Investors will post 2.43 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Cohen & Steers Inc. grew its stake in Weingarten Realty Investors by 70.1% during the third quarter. Cohen & Steers Inc. now owns 14,697,487 shares of the real estate investment trust’s stock valued at $466,498,000 after acquiring an additional 6,056,312 shares in the last quarter. State Street Corp grew its stake in Weingarten Realty Investors by 1.7% during the second quarter. State Street Corp now owns 5,343,782 shares of the real estate investment trust’s stock valued at $160,839,000 after acquiring an additional 88,325 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Weingarten Realty Investors by 4.4% during the third quarter. Bank of New York Mellon Corp now owns 3,839,758 shares of the real estate investment trust’s stock valued at $121,874,000 after acquiring an additional 160,463 shares in the last quarter. Cbre Clarion Securities LLC grew its stake in Weingarten Realty Investors by 3.1% during the second quarter. Cbre Clarion Securities LLC now owns 2,693,253 shares of the real estate investment trust’s stock valued at $81,067,000 after acquiring an additional 80,583 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Weingarten Realty Investors by 1.7% during the second quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock valued at $58,138,000 after acquiring an additional 32,085 shares in the last quarter. 79.17% of the stock is 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.

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