Weingarten Realty Investors (NYSE:WRI)‘s stock had its “neutral” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a report released on Wednesday. They currently have a $35.00 price target on the real estate investment trust’s stock, down from their prior price target of $37.00. J P Morgan Chase & Co’s target price points to a potential upside of 5.42% from the company’s current price.

A number of other research firms have also recently issued reports on WRI. Robert W. Baird began coverage on shares of Weingarten Realty Investors in a research report on Thursday, April 20th. They set an “outperform” rating and a $41.00 price objective on the stock. Jefferies Group LLC reissued a “hold” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research report on Monday, April 24th. TheStreet cut shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a research report on Monday, April 24th. Boenning Scattergood set a $30.00 price objective on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.17.

Weingarten Realty Investors (NYSE WRI) traded up 0.21% on Wednesday, reaching $33.20. The company’s stock had a trading volume of 756,577 shares. Weingarten Realty Investors has a 12 month low of $29.03 and a 12 month high of $42.45. The stock’s 50 day moving average price is $30.86 and its 200 day moving average price is $32.87. The company has a market cap of $4.26 billion, a P/E ratio of 22.31 and a beta of 0.72.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. The firm had revenue of $142.96 million during the quarter, compared to the consensus estimate of $142.34 million. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Equities research analysts forecast that Weingarten Realty Investors will post $0.97 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the company. Telos Capital Management Inc. boosted its position in Weingarten Realty Investors by 0.3% in the second quarter. Telos Capital Management Inc. now owns 13,022 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 45 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in Weingarten Realty Investors by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 28,631 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 83 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Weingarten Realty Investors by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,125 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 97 shares in the last quarter. Anchor Capital Advisors LLC boosted its position in Weingarten Realty Investors by 1.1% in the second quarter. Anchor Capital Advisors LLC now owns 9,150 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 100 shares in the last quarter. Finally, Creative Planning boosted its position in Weingarten Realty Investors by 1.5% in the second quarter. Creative Planning now owns 7,592 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 109 shares in the last quarter. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Weingarten Realty Investors Company Profile

Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.

Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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