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Fly News Breaks for January 22, 2018
WRI
Jan 22, 2018 | 09:00 EDT
As reported earlier, SunTrust analyst Ki Bin Kim upgraded Weingarten Realty to Buy from Hold and kept his price target at $35 as part of his broader "2018 REIT Outlook" research note. Kim points to a "significantly discounted value relative to portfolio quality" in his rating change, saying the company has a strong population demographic profile but trades at a 20% discount to NAV estimate. The analyst adds that the rebound in the oil price bodes well for the REIT's largest market - Houston.
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