Jefferies analyst George Hoglund reiterated a Hold rating on Weingarten (NYSE: WRI) today and set a price target of $30. The company’s shares opened today at $30.49.
According to TipRanks.com, Hoglund is a 2-star analyst with an average return of 1.7% and a 43.2% success rate. Hoglund covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Retail Properties of America Inc, and Extra Space Storage.
Weingarten has an analyst consensus of Moderate Buy, with a price target consensus of $32.
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Based on Weingarten’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $31.34 million. In comparison, last year the company had a net profit of $31.63 million.
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Weingarten Realty Investors is a real estate investment trust which owns, manages and develops commercial real estate. Its business activities include the long-term ownership, management, acquisition, development and redevelopment of strategically located neighborhood and community shopping centers and select industrial properties.
