Weingarten Realty Investors (WRI) has an average broker rating of 3, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Weingarten Realty Investors (WRI) : The consensus price target for Weingarten Realty Investors (WRI) is $38.5 for the short term with a standard deviation of $2.35. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $42, however, the pessimist price target for the company is $36.
Weingarten Realty Investors (NYSE:WRI): The stock opened at $41.93 on Wednesday but the bulls could not build on the opening and the stock topped out at $42.01 for the day. The stock traded down to $41.62 during the day, due to lack of any buying support eventually closed down at $41.91 with a loss of -0.21% for the day. The stock had closed at $42.00 on the previous day. The total traded volume was 619,697 shares.
Also, Brokerage firm UBS upgrades its rating on Weingarten Realty Investors (NYSE:WRI). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 1, 2016. The company shares have rallied 22.20% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $42.01 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $38.37 and the 200 Day Moving Average price is recorded at $36.61.
Weingarten Realty Investors is a real estate investment trust (REIT). The Companys primary business is leasing space to tenants in the shopping centers it owns or leases. It is engaged in the business of owning, managing and developing shopping centers and other commercial centers. The Company also provides property management services. The Companys properties consist primarily of neighborhood and community shopping centers. As of December 31, 2014, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 234 developed income-producing properties and three properties under various stages of construction and development. The portfolio of properties contains approximately 45.3 million square feet of gross leasable area that is either owned by the Company or others. It also owned interests in 34 parcels of land held for development that totaled approximately 25.3 million square feet.