Weingarten Realty Investors (NYSE:WRI) Cut to Sell at ValuEngine

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Weingarten Realty Investors (NYSE:WRI) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday, ValuEngine reports.

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.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Weingarten Realty Investors by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 2,139,408 shares of the real estate investment trust’s stock valued at $66,828,000 after purchasing an additional 54,658 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Weingarten Realty Investors by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,136,092 shares of the real estate investment trust’s stock valued at $66,732,000 after purchasing an additional 41,923 shares during the period. FMR LLC boosted its stake in shares of Weingarten Realty Investors by 3,051.7% in the fourth quarter. FMR LLC now owns 1,542,297 shares of the real estate investment trust’s stock valued at $48,181,000 after purchasing an additional 1,493,362 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Weingarten Realty Investors by 97.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,419,900 shares of the real estate investment trust’s stock valued at $44,358,000 after purchasing an additional 699,377 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Weingarten Realty Investors by 39.4% in the fourth quarter. Bank of America Corp DE now owns 922,920 shares of the real estate investment trust’s stock valued at $28,833,000 after purchasing an additional 260,668 shares during the period. 78.96% of the stock is owned by institutional investors and hedge funds.

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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