Keefe, Bruyette & Woods Initiates Coverage On Weingarten Realty Investors With $26 PT

According to Keefe, Bruyette & Woods, Weingarten Realty Investors WRI coverage is initiated at $26 PT with an MP rating. Keefe, Bruyette & Woods reported that WRI owns 383 operating properties, nine developments, and 42 parcels of land. “WRI's footprint in Texas was advantageous during the recession, could lag as the economy recovers. Industrial platform is atypical for retail REITs. We believe WRI shares should trade in line with peers and are fairly valued at current levels.” Weingarten Realty Investors closed yesterday at $23.85.