Weingarten Realty Investors (WRI) has been under a strong bear grip, hence the stock is down -0.87% 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 0.2% in the past 1 week. The stock has risen by 0.7% in the past week indicating that the buyers are active at lower levels, but the stock is down -1% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.22% and the 50-Day Moving Average is 0.01%.The 200 Day SMA reached 12.18%. Weingarten Realty Investors is up 10.32% in the last 3-month period. Year-to-Date the stock performance stands at 22.65%.
Weingarten Realty Investors (NYSE:WRI): After opening at $41.33, the stock dipped to an intraday low of $41.32 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $42.03 and the buying power remained strong till the end. The stock closed at $41.59 for the day, a gain of 0.95% for the day session. The total traded volume was 499,574. The stocks close on the previous trading day was $41.2.
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.