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

Weingarten Realty Investors (NYSE:WRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

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 brokerages have also recently issued reports on WRI. SunTrust Banks raised shares of 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. JPMorgan Chase & Co. reduced their price target on shares of 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 shares of Weingarten Realty Investors and gave the stock a “hold” rating in a research report on Friday, December 15th. Boenning Scattergood set a $30.00 price target on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a research report on Thursday, October 26th. Finally, ValuEngine cut shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $33.50.

Shares of Weingarten Realty Investors (NYSE WRI) traded up $0.40 on Friday, hitting $26.88. 850,703 shares of the stock traded hands, compared to its average volume of 694,036. The firm has a market capitalization of $3,500.00, a PE ratio of 16.39, a PEG ratio of 2.76 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. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22.

A number of large investors have recently modified their holdings of WRI. Howe & Rusling Inc. raised its holdings in Weingarten Realty Investors by 913.7% in the third quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 3,198 shares in the last quarter. Advisor Group Inc. raised its holdings in Weingarten Realty Investors by 13.9% in the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 599 shares in the last quarter. Flinton Capital Management LLC raised its holdings in Weingarten Realty Investors by 80.8% in the second quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 2,496 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Weingarten Realty Investors by 7.6% in the second quarter. PNC Financial Services Group Inc. now owns 7,055 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 498 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Weingarten Realty Investors in the third quarter valued at approximately $214,000. 79.80% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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