Weingarten Realty Investors (WRI) has risen sharply, recording gains of 0.19% in the past 4 weeks. However, the stock has corrected -2.73% in the past 1 week, providing a good buying opportunity on dips. Weingarten Realty Investors (WRI) : During the past 4 weeks, traders have been relatively bearish on Weingarten Realty Investors (WRI), hence the stock is down -2.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.15% relative to the S&P 500.
Weingarten Realty Investors (NYSE:WRI): The stock opened at $42.36 on Friday but the bulls could not build on the opening and the stock topped out at $42.40 for the day. The stock traded down to $41.95 during the day, due to lack of any buying support eventually closed down at $42.01 with a loss of -0.59% for the day. The stock had closed at $42.26 on the previous day. The total traded volume was 319,563 shares.
The stock has recorded a 20-day Moving Average of 0.63% and the 50-Day Moving Average is 4.54%. Weingarten Realty Investors is up 9.28% in the last 3-month period. Year-to-Date the stock performance stands at 23.89%.
Weingarten Realty Investors (WRI) : Average target price received by Weingarten Realty Investors (WRI) is $40.83 with an expected standard deviation of $2.64. The most aggressive target on the stock is $45, whereas the most downbeat target is $38. 6 financial analysts are currently covering the stock.
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.