Today Wells Fargo Reaffirms a Market Perform Rating on Weingarten Realty (NYSE:WRI) and a $30 Target Price

August 10, 2018 - By Megan Stone

Weingarten Realty Investors (NYSE:WRI) Logo

Investors sentiment decreased to 1.19 in Q1 2018. Its down 0.06, from 1.25 in 2017Q4. It dropped, as 31 investors sold Weingarten Realty Investors shares while 70 reduced holdings. 42 funds opened positions while 78 raised stakes. 92.92 million shares or 3.81% less from 96.60 million shares in 2017Q4 were reported.

97,863 are held by Clinton Gru. Financial reported 675 shares. Security Capital Research & Mngmt accumulated 2.99% or 2.89M shares. Acg Wealth invested 0.03% of its portfolio in Weingarten Realty Investors (NYSE:WRI). Amalgamated Bank holds 24,026 shares. State Common Retirement Fund accumulated 258,800 shares. Savings Bank Of Montreal Can has 74,357 shares. 13,177 were accumulated by Telos Capital Management. Regions Corporation accumulated 5,161 shares or 0% of the stock. Presima has 0.31% invested in Weingarten Realty Investors (NYSE:WRI) for 85,900 shares. Gemmer Asset Mngmt Ltd Liability Corp owns 198 shares. Shelton Cap Management has invested 0.02% of its portfolio in Weingarten Realty Investors (NYSE:WRI). Advsrs Asset Mgmt has invested 0.01% in Weingarten Realty Investors (NYSE:WRI). Cubist Systematic Strategies Ltd Limited Liability Company owns 14,487 shares. Pennsylvania-based Smithfield Trust Communications has invested 0.01% in Weingarten Realty Investors (NYSE:WRI).

Weingarten Realty (NYSE:WRI) Rating Reaffirmed

Wells Fargo now has a $30 PT on shares of Weingarten Realty (NYSE:WRI). The PT suggests a potential downside of -1.06 % from the last close price of Weingarten Realty (NYSE:WRI). This rating was shown in a research note on Thursday, 9 August.

Weingarten Realty Investors (NYSE:WRI) Ratings Coverage

Among 9 analysts covering Weingarten Realty (NYSE:WRI), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Weingarten Realty has $34.0 highest and $29 lowest target. $31.29’s average target is 3.20% above currents $30.32 stock price. Weingarten Realty had 9 analyst reports since February 28, 2018 according to SRatingsIntel. The company was maintained on Monday, March 5 by SunTrust. The firm has “Market Perform” rating given on Thursday, August 9 by Wells Fargo. The company was upgraded on Wednesday, April 18 by UBS. The company was maintained on Thursday, April 26 by JP Morgan. The firm has “Neutral” rating given on Wednesday, February 28 by Citigroup. On Tuesday, February 27 the stock rating was maintained by Jefferies with “Hold”. The company was upgraded on Thursday, March 1 by Bank of America. The stock of Weingarten Realty Investors (NYSE:WRI) earned “Buy” rating by Robert W. Baird on Tuesday, March 20.

The stock increased 0.30% or $0.09 during the last trading session, reaching $30.32. About 332,868 shares traded. Weingarten Realty Investors (NYSE:WRI) has declined 6.28% since August 10, 2017 and is downtrending. It has underperformed by 18.85% the S&P500.

Analysts await Weingarten Realty Investors (NYSE:WRI) to report earnings on October, 23. They expect $0.58 earnings per share, down 4.92 % or $0.03 from last year’s $0.61 per share. WRI’s profit will be $75.12 million for 13.07 P/E if the $0.58 EPS becomes a reality. After $0.57 actual earnings per share reported by Weingarten Realty Investors for the previous quarter, Wall Street now forecasts 1.75 % EPS growth.

Weingarten Realty Investors is a publically owned equity real estate investment trust. The company has market cap of $3.93 billion. The firm invests in the real estate markets of United States. It has a 8.45 P/E ratio. The firm engages in ownership, management, acquisition, development and redevelopment.

More news for Weingarten Realty Investors (NYSE:WRI) were recently published by: Globenewswire.com, which released: “New Research Coverage Highlights Goldman Sachs BDC, PTC, Weingarten Realty Investors, Astronics, Xencor, and …” on August 08, 2018. Seekingalpha.com‘s article titled: “Weingarten Realty Investors (WRI) CEO Drew Alexander on Q2 2018 Results – Earnings Call Transcript” and published on July 31, 2018 is yet another important article.

Weingarten Realty Investors (NYSE:WRI) Institutional Positions Chart

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