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WRI $31.44

WRI target price
31.44
0
0
Weingarten Realty Investors
Type
Public company
Traded as NYSE: WRI
S&P 400 component
Industry Real estate investment trust
Founded 1948; 69 years ago (1948)
Headquarters Houston, Texas
Key people
Stanford Alexander, Chairman
Andrew M. Alexander, CEO
Stephen C. Richter, CFO
Revenue Decrease $0.549 billion (2016)
Net income
Increase $0.276 billion (2016)
Total assets Increase $4.426 billion (2016)
Total equity Increase $1.716 billion (2016)
Website www.weingarten.com

Weingarten Realty Investors is a publicly-traded real estate investment trust that invests in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores.

As of December 31, 2016, the company owned interests in 220 properties comprising 4.7 million square feet.

During 2016, 20.5% of the company's revenues were generated from properties in the Houston area and 30% of the company's revenues were generated from properties in Texas. The company's largest tenant, Kroger, accounted for 3.1% of revenue in 2016.

In the 1880s, Harris Weingarten, an immigrant from Poland, started a grocery business in Houston called Weingarten's.

In 1948, Joe Weingarten, the eldest son of Harris Weingarten founded Weingarten Realty to build stores for his father's business. In 1980, Safeway Inc. purchased the grocery operations.

In 1985, the company became a public company via an initial public offering.

In 2002, the company acquired 3 shopping centers for $46.2 million.

In 2003, the company acquired a Sears Distribution Center in Atlanta.

In 2012, the company sold all of its industrial assets for $382.4 million.

In 2013, the company acquired Mueller Regional Retail Center.

In 2016, the company acquired a property in Seattle for $43.5 million, Deerfield Mall for $92.75 million, and The Palms at Town & Country for $285 million. It also sold Wake Forest Crossing for $36.6 million and Sunrise West Shopping Center for $15 million.

In 2017, the company sold Palms of Carrollwood for $31.13 million and sold Bartlett Towne Center for $28.8 million in a transaction brokered by HFF.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2021 2021-10-26 Future report Set alerts
Q2 2021 2021-07-29 0.10 0.10
Q1 2021 2021-04-26 0.22 0.22
Q4 2020 2021-02-22 0.18 0.18
Q3 2020 2020-10-28 0.00 0.00
Q2 2020 2020-07-29 0.09 0.09
Q1 2020 2020-05-07 0.41 0.41
Q4 2019 2020-02-25 0.58 0.58
Q3 2019 2019-10-30 0.82 0.82
Q2 2019 2019-07-31 0.65 0.65

Ratings

2016-06-30 Initiated Coverage Jefferies Group Hold $40.00
2016-06-28 Initiated Coverage Boenning Scattergood Underperform $35.50
2016-04-27 Downgrade Citigroup Inc. Buy to Neutral $40.00
2015-08-14 Reiterated Rating Citigroup Inc. Buy $37.00 to $39.00
2015-07-02 Upgrade Citigroup Inc. Neutral to Buy $37.00
2015-03-20 Reiterated Rating Citigroup Inc. Hold $35.00 to $37.00
2014-12-16 Downgrade Citigroup Inc. Buy to Neutral
2014-12-02 Downgrade Cowen and Company Outperform to Market Perform
2014-07-28 Boost Price Target RBC Capital $36.00 to $38.00
2014-07-28 Boost Price Target Royal Bank Of Canada $36.00 to $38.00
2014-06-20 Boost Price Target Cowen and Company $34.00 to $35.00
2014-04-29 Reiterated Rating Citigroup Inc. Buy $35.00
2014-03-21 Upgrade Argus Buy
2014-03-19 Reiterated Rating Cowen and Company Outperform $34.00
2013-11-26 Downgrade Wells Fargo & Co. Outperform to Market Perform
2013-11-26 Downgrade Wells Fargo Outperform to Market Perform
2013-11-04 Lower Price Target RBC Capital Outperform $40.00 to $36.00
2013-09-16 Initiated Coverage Capital One Financial Corp. Strong-Buy
2009-04-27 Downgrade Stifel Nicolaus Buy to Hold
2009-04-15 Upgrade Wachovia Underperform to Mkt Perform
2009-04-06 Upgrade Citigroup Sell to Hold $9
2008-11-04 Upgrade Hilliard Lyons Neutral to Long-term Buy
2008-09-22 Downgrade Hilliard Lyons Long-term Buy to Neutral
2016-06-30 Initiated Coverage Jefferies Group Hold $40.00
2016-06-28 Initiated Coverage Boenning Scattergood Underperform $35.50
2016-04-27 Downgrade Citigroup Inc. Buy to Neutral $40.00
2015-08-14 Reiterated Rating Citigroup Inc. Buy $37.00 to $39.00
2015-07-02 Upgrade Citigroup Inc. Neutral to Buy $37.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ALEXANDER ANDREW M CEO/PRESIDENT 0.95%  (1165785) SUSS / WRI /
ALEXANDER STANFORD J CHAIRMAN 0.42%  (516621) WRI /
DOW MELVIN A 0.32%  (388902) WRI /
RICHTER STEPHEN C EXEC VP/CFO 0.28%  (337864) WRI /
HENDRIX JOHNNY Executive VP 0.19%  (238151) WRI /
LASHER STEPHEN A 0.18%  (213989) WRI /
SHAPIRO MARC J 0.11%  (130990) KMB / WRI /
CROWNOVER JAMES W 0.05%  (62538) CHMT / FCN / RSG / WRI /
SCHNITZER DOUGLAS W 0.05%  (55363) WRI /
SHAPER C PARK 0.04%  (50848) KMI / KMP / KMR / WRI /
RYAN THOMAS L 0.03%  (32311) CHK / SCI / TXI / WRI /
Brown Shelaghmichael C. 0.02%  (25116) WRI /
CRUIKSHANK ROBERT J 0.01%  (16558) WRI /