Weingarten Realty Investors (NYSE:WRI) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also commented on the stock. BidaskClub raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Robert W. Baird raised shares of Weingarten Realty Investors from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 16th. ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Boenning Scattergood downgraded shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research downgraded shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Weingarten Realty Investors currently has an average rating of “Hold” and a consensus price target of $37.17.

Weingarten Realty Investors (WRI) opened at 33.20 on Tuesday. The stock has a 50 day moving average of $31.12 and a 200 day moving average of $32.78. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $42.41. The stock has a market capitalization of $4.26 billion, a P/E ratio of 22.31 and a beta of 0.72.

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

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Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Weingarten Realty Investors by 3,391.0% in the first quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock valued at $617,261,000 after buying an additional 17,956,849 shares during the last quarter. Sei Investments Co. increased its stake in shares of Weingarten Realty Investors by 165.5% in the first quarter. Sei Investments Co. now owns 224,091 shares of the real estate investment trust’s stock valued at $7,483,000 after buying an additional 139,680 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Weingarten Realty Investors by 41.4% in the first quarter. JPMorgan Chase & Co. now owns 252,291 shares of the real estate investment trust’s stock valued at $8,423,000 after buying an additional 73,845 shares during the last quarter. World Asset Management Inc increased its stake in shares of Weingarten Realty Investors by 1.7% in the first quarter. World Asset Management Inc now owns 8,952 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 148 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Weingarten Realty Investors by 6.9% in the first quarter. Geode Capital Management LLC now owns 1,084,163 shares of the real estate investment trust’s stock valued at $36,200,000 after buying an additional 69,976 shares during the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

About Weingarten Realty Investors

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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