Deutsche Bank Has Hold Rating On Weingarten Realty Investors After Earnings (WRI)

Deutsche Bank has a Hold rating and a $24 price target on shares of Weingarten Realty Investors WRI following earnings. In a note to clients, Deutsche Bank writes, "Though quarterly results were in-line, we are somewhat disappointed by the NOI miss. We will look to see if 1x non-reimbursable expenses were the cause of the tenant reimbursement shortfall, though overall expenses did not appear unusually high. The removal of guidance and implied SS NOI de-celeration is also a concern. However, stronger-than-expected portfolio metrics reported this Q were a positive." Shares of WRI closed at $26.43 yesterday.