Jefferies Initiates Coverage on Weingarten Realty Investors to Hold

Jefferies Initiates Coverage on Weingarten Realty Investors(NYSE:WRI). The shares have been rated Hold. The rating by Jefferies was issued on Jun 30, 2016.

In a different note, On Apr 27, 2016, Citigroup said it Downgrades its rating on Weingarten Realty Investors. The shares have been rated ‘Neutral’ by the firm.

Weingarten Realty Investors (WRI) made into the market gainers list on Tuesdays trading session with the shares advancing 1.18% or 0.49 points. Due to strong positive momentum, the stock ended at $42, which is also near the day’s high of $42.01. The stock began the session at $41.55 and the volume stood at 7,43,458 shares. The 52-week high of the shares is $42.01 and the 52 week low is $30.21. The company has a current market capitalization of $5,270 M and it has 12,54,81,807 shares in outstanding.

Weingarten Realty Investors(WRI) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $128.51M. Analysts had an estimated revenue of $128.45M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Apr 28, 2016, Johnny Hendrix (Executive VP/COO) sold 69,303 shares at $37.78 per share price.Also, On Mar 11, 2016, Stephen C Richter (EXEC VP/CFO) sold 13,745 shares at $36.08 per share price.On Mar 9, 2016, Andrew M Alexander (CEO/PRESIDENT) sold 84,900 shares at $36.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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. 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 Company’s 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.

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