The stock of Weingarten Realty Investors (NYSE:WRI) gapped down by $0.15 today and has $35.19 target or 8.00% below today’s $38.25 share price. The 8 months technical chart setup indicates high risk for the $4.89 billion company. The gap down was reported on Oct, 4 by Barchart.com. If the $35.19 price target is reached, the company will be worth $391.20 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 1.87% or $0.73 on October 3, hitting $38.25. Weingarten Realty Investors (NYSE:WRI) has risen 5.96% since March 1, 2016 and is uptrending. It has underperformed by 6.26% the S&P500.
Analysts await Weingarten Realty Investors (NYSE:WRI) to report earnings on November, 3. They expect $0.57 EPS, up 1.79% or $0.01 from last year’s $0.56 per share. WRI’s profit will be $72.87M for 16.78 P/E if the $0.57 EPS becomes a reality. After $0.57 actual EPS reported by Weingarten Realty Investors for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Weingarten Realty Investors (NYSE:WRI) Ratings Coverage
Out of 2 analysts covering Weingarten Realty Investors (NYSE:WRI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Weingarten Realty Investors has been the topic of 7 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks to “Hold” on Wednesday, August 19. The company was upgraded on Thursday, August 27 by Zacks. Citigroup downgraded Weingarten Realty Investors (NYSE:WRI) on Wednesday, April 27 to “Neutral” rating. As per Friday, July 1, the company rating was upgraded by UBS. Citigroup maintained Weingarten Realty Investors (NYSE:WRI) rating on Friday, August 14. Citigroup has “” rating and $39 price target. The rating was maintained by Citigroup with “Neutral” on Friday, August 12.
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.”
Insitutional Activity: The institutional sentiment increased to 1.55 in 2016 Q2. Its up 0.29, from 1.26 in 2016Q1. The ratio improved, as 20 funds sold all Weingarten Realty Investors shares owned while 75 reduced positions. 33 funds bought stakes while 114 increased positions. They now own 99.80 million shares or 0.97% less from 100.78 million shares in 2016Q1.
Voya Mgmt Lc holds 0.02% of its portfolio in Weingarten Realty Investors (NYSE:WRI) for 226,065 shares. Blackrock Advisors Ltd Liability Co has invested 0% of its portfolio in Weingarten Realty Investors (NYSE:WRI). Credit Suisse Ag holds 462,578 shares or 0.02% of its portfolio. Cookson Peirce holds 28,210 shares or 0.17% of its portfolio. State Street reported 5.20M shares or 0.02% of all its holdings. Bb&T Secs Limited Liability Corp owns 13,418 shares or 0.01% of their US portfolio. Linscomb And Williams Inc has 0.16% invested in the company for 38,091 shares. Veritable Ltd Partnership holds 0.01% or 8,135 shares in its portfolio. Hightower Limited Liability Company holds 12,445 shares or 0.01% of its portfolio. Raymond James Assoc accumulated 7,368 shares or 0% of the stock. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma, a Massachusetts-based fund reported 19,408 shares. Us Natl Bank De owns 21,676 shares or 0% of their US portfolio. The California-based Eqis Capital has invested 0.03% in Weingarten Realty Investors (NYSE:WRI). Ameritas Investment Partners holds 42,354 shares or 0.11% of its portfolio. Boston Advisors Limited Liability Company holds 0.02% or 15,440 shares in its portfolio.
Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 9 sales for $12.32 million net activity. 69,303 shares were sold by HENDRIX JOHNNY, worth $2.61M on Tuesday, April 26. $2.75 million worth of Weingarten Realty Investors (NYSE:WRI) was sold by ALEXANDER ANDREW M. LASHER STEPHEN A sold $1.39 million worth of stock or 33,313 shares. 18,000 shares with value of $770,400 were sold by RICHTER STEPHEN C on Tuesday, August 2.
More notable recent Weingarten Realty Investors (NYSE:WRI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Weingarten Realty Investors, G&K Services and Praxair” on September 02, 2016, also Marketwatch.com with their article: “Virtual Stock Exchange” published on December 22, 2009, Reuters.com published: “BRIEF-Weingarten Realty Investors announces creation of ATM equity offerin…” on August 02, 2016. More interesting news about Weingarten Realty Investors (NYSE:WRI) were released by: Finance.Yahoo.com and their article: “Weingarten Realty Investors Announces Third Quarter 2016 Earnings Release and …” published on August 30, 2016 as well as Nasdaq.com‘s news article titled: “Weingarten Realty Investors Announces 8% Increase In Q2 Earnings” with publication date: July 28, 2016.
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 Companyâ€™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.
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