Saturday, November 28, 2020

For Weingarten Realty Investors [WRI], JP Morgan sees a rise to $16. What next?

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Weingarten Realty Investors [NYSE: WRI] traded at a high on 06/08/20, posting a 3.57 gain after which it closed the day’ session at $22.94. The results of the trading session contributed to over 1635401 shares changing hands. Over the past one week, the price volatility of Weingarten Realty Investors stands at 5.65% while the volatility over the past one month is 6.21%.

The market cap for WRI stock reached $2.89 billion, with 127.86 million shares outstanding and 119.29 million shares in the current float. Compared to the average trading volume of 1.56M shares, WRI reached a trading volume of 1635401 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about Weingarten Realty Investors [WRI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WRI shares is $19.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WRI stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Weingarten Realty Investors shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on April 22, 2020. While these analysts kept the previous recommendation, Citigroup dropped their target price from $36 to $14.50. The new note on the price target was released on April 07, 2020, representing the official price target for Weingarten Realty Investors stock.

The Average True Range (ATR) for Weingarten Realty Investors is set at 1.29, with the Price to Sales ratio for WRI stock in the period of the last 12 months amounting to 6.08. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 3.85.

How has WRI stock performed recently?

Weingarten Realty Investors [WRI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.99. With this latest performance, WRI shares gained by 37.70% in over the last four-week period, additionally sinking by -26.43% over the last 6 months – not to mention a drop of -18.65% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WRI stock in for the last two-week period is set at 71.79, with the RSI for the last a single of trading hit 78.71, and the three-weeks RSI is set at 65.08 for Weingarten Realty Investors [WRI]. The present Moving Average for the last 50 days of trading for this stock 16.69, while it was recorded at 21.59 for the last single week of trading, and 25.68 for the last 200 days.

Weingarten Realty Investors [WRI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Weingarten Realty Investors [WRI] shares currently have an operating margin of +21.81 and a Gross Margin at +39.22. Weingarten Realty Investors’s Net Margin is presently recorded at +65.58.

Return on Total Capital for WRI is now 2.92, given the latest momentum, and Return on Invested Capital for the company is 9.36. Return on Equity for this stock inclined to 19.28, with Return on Assets sitting at 8.12. When it comes to the capital structure of this company, Weingarten Realty Investors [WRI] has a Total Debt to Total Equity ratio set at 104.54. Additionally, WRI Total Debt to Total Capital is recorded at 51.11, with Total Debt to Total Assets ending up at 45.08. Long-Term Debt to Equity for the company is recorded at 102.94, with the Long-Term Debt to Total Capital now at 50.33.

Reflecting on the efficiency of the workforce at the company, Weingarten Realty Investors [WRI] managed to generate an average of $1,319,812 per employee. Receivables Turnover for the company is 5.21 with a Total Asset Turnover recorded at a value of 0.12.

Earnings analysis for Weingarten Realty Investors [WRI]

With the latest financial reports released by the company, Weingarten Realty Investors posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 170.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WRI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Weingarten Realty Investors go to 9.00%.

Insider trade positions for Weingarten Realty Investors [WRI]

There are presently around $2,333 million, or 83.10% of WRI stock, in the hands of institutional investors. The top three institutional holders of WRI stocks are: VANGUARD GROUP INC with ownership of 18,060,713, which is approximately 0.155% of the company’s market cap and around 3.50% of the total institutional ownership; BLACKROCK INC., holding 13,765,276 shares of the stock with an approximate value of $304.9 million in WRI stocks shares; and JPMORGAN CHASE & CO, currently with $190.2 million in WRI stock with ownership of nearly 22.225% of the company’s market capitalization.

156 institutional holders increased their position in Weingarten Realty Investors [NYSE:WRI] by around 13,793,461 shares. Additionally, 143 investors decreased positions by around 12,984,274 shares, while 55 investors held positions by with 78,550,020 shares. The mentioned changes placed institutional holdings at 105,327,755 shares, according to the latest SEC report filing. WRI stock had 46 new institutional investments in for a total of 2,675,787 shares, while 57 institutional investors sold positions of 2,550,102 shares during the same period.

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