Weingarten Realty Investors (NYSE:WRI) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The firm earned $135.70 million during the quarter, compared to the consensus estimate of $129.52 million.
Several brokerages recently weighed in on WRI. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Citigroup Inc. downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research report on Wednesday, April 27th. Jefferies Group began coverage on shares of Weingarten Realty Investors in a research report on Thursday, June 30th. They issued a “hold” rating and a $40.00 price objective on the stock. Finally, Boenning Scattergood began coverage on shares of Weingarten Realty Investors in a research report on Tuesday, June 28th. They issued an “underperform” rating and a $35.50 price objective on the stock.
Weingarten Realty Investors (NYSE:WRI) traded up 1.69% during trading on Thursday, reaching $42.67. 525,223 shares of the company’s stock traded hands. The company has a market capitalization of $5.35 billion and a price-to-earnings ratio of 23.89. The firm’s 50 day moving average is $40.43 and its 200-day moving average is $37.44. Weingarten Realty Investors has a 12 month low of $30.21 and a 12 month high of $42.91.
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. It is engaged in the business of owning, managing and developing shopping centers and other commercial centers. The Company also provides property management services.
