Weingarten Realty Investors (NYSE:WRI) : 1 brokerage houses believe that Weingarten Realty Investors (NYSE:WRI) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Weingarten Realty Investors (NYSE:WRI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Hold with a rating of 2.75.
Weingarten Realty Investors (NYSE:WRI) : Currently there are 4 street experts covering Weingarten Realty Investors (NYSE:WRI) stock. The most bullish and bearish price target for the stock is $42 and $38 respectively for the short term. The average price target of all the analysts comes to $39.25. The estimated standard deviation from the target is $1.89.
Company shares have received an average consensus rating of Hold for the current week Also, Citigroup downgrades their rating on the shares of Weingarten Realty Investors (NYSE:WRI). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm maintains the price target to $40 per share. The rating by the firm was issued on April 27, 2016.
Weingarten Realty Investors (NYSE:WRI): stock turned positive on Tuesday. Though the stock opened at $38.74, the bulls momentum made the stock top out at $39.69 level for the day. The stock recorded a low of $38.61 and closed the trading day at $39.68, in the green by 1.87%. The total traded volume for the day was 1,009,048. The stock had closed at $38.95 in the previous days trading.
In an insider trading activity, Hendrix Johnny, officer (Executive VP/COO) of Weingarten Realty Investors /Tx/, unloaded 69,303 shares at an average price of $37.78 on April 26, 2016. The total amount of the transaction was worth $2,618,267, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.