Several other research analysts have also weighed in on WRI. Compass Point lowered shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a research note on Friday, December 27th. Zacks Investment Research raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Thursday, January 2nd. Citigroup raised shares of Weingarten Realty Investors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $34.00 to $35.00 in a research note on Monday, January 6th. Finally, Bank of America raised shares of Weingarten Realty Investors from a “neutral” rating to a “buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $34.00.
WRI stock traded up $0.38 during mid-day trading on Friday, hitting $31.12. 922,800 shares of the company were exchanged, compared to its average volume of 864,929. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.96 billion, a P/E ratio of 13.41, a PEG ratio of 12.34 and a beta of 0.68. The business has a fifty day simple moving average of $30.33 and a 200-day simple moving average of $29.67. Weingarten Realty Investors has a 12-month low of $26.10 and a 12-month high of $32.17.
Weingarten Realty Investors Company Profile
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, 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 177 properties which are located in 17 states spanning the country from coast to coast.
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