Weingarten Realty Investors (NYSE:WRI) Receives $27.33 Consensus Price Target from Analysts


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Weingarten Realty Investors (NYSE:WRI) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.33.

Several analysts recently weighed in on WRI shares. JPMorgan Chase & Co. upgraded Weingarten Realty Investors from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $24.00 in a report on Monday, December 21st. Scotiabank upgraded shares of Weingarten Realty Investors from a “sector perform” rating to a “sector outperform” rating and set a $26.00 target price for the company in a report on Thursday, January 28th. Finally, Wells Fargo & Company upgraded shares of Weingarten Realty Investors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $24.00 in a report on Thursday, December 10th.

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Weingarten Realty Investors by 24.9% during the fourth quarter. JPMorgan Chase & Co. now owns 15,862,014 shares of the real estate investment trust’s stock worth $343,730,000 after acquiring an additional 3,159,144 shares during the last quarter. BlackRock Inc. grew its stake in shares of Weingarten Realty Investors by 1.2% during the fourth quarter. BlackRock Inc. now owns 13,100,804 shares of the real estate investment trust’s stock worth $283,894,000 after acquiring an additional 149,599 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Weingarten Realty Investors by 1.8% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,748,300 shares of the real estate investment trust’s stock worth $37,886,000 after acquiring an additional 31,667 shares during the last quarter. Heitman Real Estate Securities LLC grew its stake in shares of Weingarten Realty Investors by 6.4% during the fourth quarter. Heitman Real Estate Securities LLC now owns 1,671,321 shares of the real estate investment trust’s stock worth $36,218,000 after acquiring an additional 100,092 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC grew its stake in shares of Weingarten Realty Investors by 5.3% during the third quarter. Lasalle Investment Management Securities LLC now owns 1,474,692 shares of the real estate investment trust’s stock worth $25,011,000 after acquiring an additional 74,536 shares during the last quarter. Institutional investors and hedge funds own 81.80% of the company’s stock.

Shares of WRI stock traded down $0.04 on Thursday, hitting $26.04. The stock had a trading volume of 3,550 shares, compared to its average volume of 828,029. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average price of $23.14 and a 200 day moving average price of $20.02. The company has a market cap of $3.34 billion, a PE ratio of 13.73, a P/E/G ratio of 4.08 and a beta of 1.27. Weingarten Realty Investors has a one year low of $12.21 and a one year high of $30.90.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Sunday, February 21st. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. The firm had revenue of $112.10 million during the quarter, compared to the consensus estimate of $105.25 million. Weingarten Realty Investors had a return on equity of 13.20% and a net margin of 54.62%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Equities research analysts expect that Weingarten Realty Investors will post 1.64 EPS for the current year.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2020, 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 162 properties which are located in 15 states spanning the country from coast to coast.

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Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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