Zacks Investment Research lowered shares of Weingarten Realty Investors (NYSE:WRI) from a hold rating to a sell rating in a research note released on Saturday.

According to Zacks, “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. “

A number of other equities analysts also recently weighed in on the stock. Jefferies Group set a $33.00 price target on shares of Weingarten Realty Investors and gave the stock a hold rating in a research note on Friday, December 15th. Boenning Scattergood raised shares of Weingarten Realty Investors from an under perform rating to a neutral rating in a research report on Thursday, December 14th. ValuEngine downgraded shares of Weingarten Realty Investors from a buy rating to a hold rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. lowered their target price on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a neutral rating on the stock in a research report on Monday, October 30th. Finally, SunTrust Banks raised shares of Weingarten Realty Investors from a hold rating to a buy rating in a research report on Monday, January 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $33.50.

Weingarten Realty Investors (NYSE WRI) opened at $26.87 on Friday. Weingarten Realty Investors has a one year low of $25.96 and a one year high of $36.78. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24. The firm has a market cap of $3,452.16, a price-to-earnings ratio of 16.48, a PEG ratio of 2.80 and a beta of 0.53.

Institutional investors have recently bought and sold shares of the business. Howe & Rusling Inc. increased its position in Weingarten Realty Investors by 913.7% during the third quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 3,198 shares during the last quarter. Advisor Group Inc. increased its position in Weingarten Realty Investors by 13.9% during the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 599 shares during the last quarter. Flinton Capital Management LLC increased its position in Weingarten Realty Investors by 80.8% during the second quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 2,496 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Weingarten Realty Investors during the third quarter worth $214,000. Finally, PNC Financial Services Group Inc. increased its position in Weingarten Realty Investors by 7.6% during the second quarter. PNC Financial Services Group Inc. now owns 7,055 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 498 shares during the last quarter. 79.29% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This story was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://theolympiareport.com/2018/02/13/weingarten-realty-investors-wri-lowered-to-sell-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Weingarten Realty Investors (WRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.