Weingarten Realty Investors (WRI) : 1 brokerage houses believe that Weingarten Realty Investors (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 (WRI). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Weingarten Realty Investors (WRI) : 5 investment research analysts covering Weingarten Realty Investors (WRI) have an average price target of $42 for the near short term. The highest target price given by the Brokerage Firm to the stock is $45 and the lowest target is $39 for the short term. Analysts expect the variance to be within $2.12 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Weingarten Realty Investors (NYSE:WRI). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $40 per share to $42 per share. The rating by the firm was issued on August 12, 2016.
Weingarten Realty Investors (NYSE:WRI): The stock opened at $41.43 and touched an intraday high of $42.12 on Wednesday. During the day, the stock corrected to an intraday low of $41.38, however, the bulls stepped in and pushed the price higher to close in the green at $41.79 with a gain of 0.70% for the day. The total traded volume for the day was 892,836. The stock had closed at $41.5 in the previous trading session.
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.