Weingarten Realty Investors (NYSE:WRI) had its price objective upped by research analysts at Citigroup from $29.00 to $32.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup‘s target price indicates a potential upside of 3.13% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Compass Point upgraded Weingarten Realty Investors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $31.00.

Shares of WRI stock opened at $31.03 on Tuesday. Weingarten Realty Investors has a 1 year low of $23.80 and a 1 year high of $32.17. The stock has a market cap of $4.01 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 4.86 and a beta of 0.63. The business’s fifty day moving average is $31.19 and its 200-day moving average is $28.76. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.14 and a current ratio of 2.14.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.30. Weingarten Realty Investors had a return on equity of 16.75% and a net margin of 60.55%. The company had revenue of $117.38 million for the quarter, compared to analysts’ expectations of $117.85 million. During the same period last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts predict that Weingarten Realty Investors will post 2.09 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan boosted its stake in shares of Weingarten Realty Investors by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 22,120 shares of the real estate investment trust’s stock worth $607,000 after acquiring an additional 360 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Weingarten Realty Investors by 1.1% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 34,487 shares of the real estate investment trust’s stock worth $1,005,000 after acquiring an additional 366 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Weingarten Realty Investors by 32.9% during the 2nd quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 370 shares in the last quarter. Putnam Investments LLC boosted its stake in shares of Weingarten Realty Investors by 0.4% during the 2nd quarter. Putnam Investments LLC now owns 135,131 shares of the real estate investment trust’s stock worth $3,705,000 after acquiring an additional 483 shares in the last quarter. Finally, Silver Lake Advisory LLC boosted its stake in shares of Weingarten Realty Investors by 0.4% during the 2nd quarter. Silver Lake Advisory LLC now owns 135,494 shares of the real estate investment trust’s stock worth $3,715,000 after acquiring an additional 494 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, 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 177 properties which are located in 17 states spanning the country from coast to coast.

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Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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