Weingarten Realty Investors (NYSE:WRI): 4 Analyst have given the stock of Weingarten Realty Investors (NYSE:WRI) a near short term price target of $39. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2. The higher price target estimate is at $42 while the lower price estimates are fixed at $38.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, downgrades their rating on the shares of Weingarten Realty Investors (NYSE:WRI). Citigroup has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest report, the brokerage house maintains the price target to $40 per share. The rating by the firm was issued on April 27, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, The officer (Executive VP/COO), of Weingarten Realty Investors /Tx/, Hendrix Johnny had unloaded 69,303 shares at $37.78 per share in a transaction on April 26, 2016. The total value of transaction was $2,618,267. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Weingarten Realty Investors (NYSE:WRI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.52 points or 1.34% at $38.2 with 1,580,209 shares getting traded. Post opening the session at $38.76, the shares hit an intraday low of $38.055 and an intraday high of $39.14 and the price was in this range throughout the day. The company has a market cap of $4,793 million and the number of outstanding shares have been calculated to be 125,481,807 shares. The 52-week high of Weingarten Realty Investors (NYSE:WRI) is $39.38 and the 52-week low is $30.21.
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.