Stock Worth Watching: Is Weingarten Realty Investors (NYSE:WRI) Going to Burn These Institutional Investors?

November 30, 2016 - By Winifred Garcia   ·   0 Comments

Stock Worth Watching: Is Weingarten Realty Investors (NYSE:WRI) Going to Burn These Institutional Investors?

Sentiment for Weingarten Realty Investors (NYSE:WRI)

Weingarten Realty Investors (NYSE:WRI) institutional sentiment decreased to 1.25 in Q2 2016. Its down -0.30, from 1.55 in 2016Q1. The ratio has worsened, as 147 active investment managers increased and opened new holdings, while 95 sold and decreased positions in Weingarten Realty Investors. The active investment managers in our partner’s database now possess: 99.80 million shares, down from 100.78 million shares in 2016Q1. Also, the number of active investment managers holding Weingarten Realty Investors in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 20 Reduced: 75 Increased: 114 New Position: 33.

Weingarten Realty Investors is a real estate investment trust . The company has a market cap of $4.60 billion. The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. It has a 18.63 P/E ratio. It is engaged in the business of owning, managing and developing retail shopping centers.

About 200,641 shares traded hands. Weingarten Realty Investors (NYSE:WRI) has declined 5.13% since April 27, 2016 and is downtrending. It has underperformed by 10.36% the S&P500.

Analysts await Weingarten Realty Investors (NYSE:WRI) to report earnings on February, 21. They expect $0.58 EPS, up 3.57% or $0.02 from last year’s $0.56 per share. WRI’s profit will be $75.13 million for 15.31 P/E if the $0.58 EPS becomes a reality. After $0.58 actual EPS reported by Weingarten Realty Investors for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “Weingarten Realty Investors is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in twenty one states that span the southern portion of the United States from coast to coast. Weingarten’s business activities encompass the long-term ownership, management, acquisition, development and redevelopment of strategically located neighborhood and community shopping centers and select industrial properties. The vast majority of our shopping centers are anchored by either a supermarket or a national value-oriented retailer. These anchors combined with convenient locations, attractive and well-maintained properties and a strong tenant mix help to ensure the long-term success of our merchants and the viability of our portfolio. The Company’s portfolio of Thirf caproperties includes thirty neighborhood and community shopping centers and sixty four industrial properties, aggregating fourty million square feet.”

Harrison Street Securities Llc holds 2.07% of its portfolio in Weingarten Realty Investors for 15,582 shares. United States Steel & Carnegie Pension Fund owns 1.89 million shares or 1.78% of their US portfolio. Moreover, Shinko Asset Management Co. Ltd. has 1.54% invested in the company for 5.39 million shares. The Texas-based Callahan Advisors Llc has invested 1.42% in the stock. Security Capital Research & Management Inc, a Illinois-based fund reported 895,966 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 8 sales for $9.71 million net activity.

Weingarten Realty Investors (NYSE:WRI) Ratings Coverage

Ratings analysis reveals 33% of Weingarten Realty Investors’s analysts are positive. Out of 3 Wall Street analysts rating Weingarten Realty Investors, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $36 while the high is $42. The stock’s average target of $39 is 9.83% above today’s ($35.51) share price. WRI was included in 8 notes of analysts from August 14, 2015. The firm has “Hold” rating given on Wednesday, August 19 by Zacks. As per Tuesday, October 18, the company rating was upgraded by Boenning & Scattergood. The firm has “Neutral” rating by Citigroup given on Friday, August 12. Citigroup maintained it with “” rating and $39 target price in Friday, August 14 report. Citigroup downgraded Weingarten Realty Investors (NYSE:WRI) on Wednesday, April 27 to “Neutral” rating. As per Thursday, August 27, the company rating was upgraded by Zacks. The stock of Weingarten Realty Investors (NYSE:WRI) earned “Buy” rating by UBS on Friday, July 1.

WRI Company Profile

Weingarten Realty Investors, incorporated on May 01, 1905, 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 Firm is engaged in the business of owning, managing and developing retail shopping centers. The Firm also provides property management services. The Company’s properties consist primarily of neighborhood and community shopping centers. The Firm holds interests in Deerfield Mall, which is a Publix-anchored center located in the South Florida community of Deerfield Beach. Deerfield Mall consists of a portfolio of approximately 20 grocery-anchored centers.

More news for Weingarten Realty Investors (NYSE:WRI) were recently published by: Marketwatch.com, which released: “Weingarten Realty Investors stock price target raised to $45 from $36 at UBS” on December 22, 2009. Businesswire.com‘s article titled: “Weingarten Realty Investors Announces Second Quarter 2016 Earnings Release and …” and published on June 01, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Winifred Garcia

Tags: , ,


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>