Weingarten Realty Investors (NYSE:WRI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.75 by 8 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Citigroup downgrades the rating on Weingarten Realty Investors (NYSE:WRI). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency maintains the price target to $40 per share. The rating by the firm was issued on April 27, 2016.
Weingarten Realty Investors (NYSE:WRI): 4 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $39.25 in Weingarten Realty Investors (NYSE:WRI). However, the stock price could fluctuate by $ 1.89 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $42 price target with the lower price estimate is calculated at $38
Weingarten Realty Investors (NYSE:WRI) rose 0.97% or 0.37 points on Tuesday and made its way into the gainers of the day. After trading began at $38.1 the stock was seen hitting $38.495 as a peak level and $38.1 as the lowest level. The stock ended up at $38.4. The daily volume was measured at 845,499 shares. The 52-week high of the share price is $39.38 and the 52-week low is $30.21. The company has a market cap of $4,819 million.
Shares of Weingarten Realty Investors rose by 0.71% in the last five trading days and 5.23% for the last 4 weeks. Weingarten Realty Investors is up 5.21% in the last 3-month period. Year-to-Date the stock performance stands at 13.24%.
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.