Weingarten Realty Investors (WRI) has been under a strong bear grip, hence the stock is down -4.18% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.55% in the past 1 week. The stock has risen by 0.88% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.38% in the past 4 weeks.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.35% and the fifty day Moving Average is 0.05%. Weingarten Realty Investors is up 10.87% in the last three month period. Year-to-Date the stock performance stands at 21.79%.
Weingarten Realty Investors (WRI) : The highest level Weingarten Realty Investors (WRI) is projected to reach is $45 for the short term and the lowest estimate is at $39. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $42 and the possibility the share price can swing is $2.12.
Weingarten Realty Investors (NYSE:WRI): On Fridays trading session , Opening price of the stock was $41.86 with an intraday high of $42.08. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $41.06. However, the stock managed to close at $41.3, a loss of 0.98% for the day. On the previous day, the stock had closed at $41.71. The total traded volume of the day was 742,573 shares.
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.