Weingarten Realty (NYSE:WRI) Price Target & New Coverage by Robert W. Baird
Robert W. Baird published in a research note that it has begun coverage on Weingarten Realty (NYSE:WRI) stock, with Outperform rating and a $41.0 PT.
Despite the new coverage NYSE:WRI is right now trading -0.34% lower at $35.15 as of 10:07 PM New York time. Weingarten Realty shares have [From2] 0% over the past 200 days, while the S&P500 has added 12.80% in the same time period.
According to data compiled by Thomson Reuters, Weingarten Realty (NYSE:WRI)’s stock is covered by 9 equity analysts across the Street, with 0 analysts giving it a Sell rating, 2 a Buy rating, while 8 consider it a Hold. The 12-month consensus target price for the stock is $39.94, which reflects an upside potential of 13.63% over the current price.
Harrison Street Securities Llc had the largest stake with ownership of 18,956 shares as of Q2 2015 for 2.15% of the portfolio. United States Steel & Carnegie Pension Fund is another bullish investment professional who is having 1.54M shares of Weingarten Realty or 1.74% of their portfolio. Also, Shinko Asset Management Co. Ltd. have 1.42% of their portfolio invested in the company for 5.39M shares. The Texas-based fund Callahan Advisors Llc disclosed it had acquired a stake worth about 1.31% of the investment professional’s stock portfolio in Weingarten Realty. The Texas-based fund Chilton Capital Management Llc is also positive about the stock, possessing 134,740 shares or 1.2% of their portfolio.
Weingarten Realty (NYSE:WRI) Profile
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.
Weingarten Realty (NYSE:WRI) traded down -0.34% on 21 April, hitting $35.15. A total of 703,445 shares of the company’s stock traded hands. This is down from average of 1.08 million shares. Weingarten Realty has a 52 week low of $31.13 and a 52 week high of $43.7. The company has a market cap of $4.51 billion and a P/E ratio of 18.83.
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