Investor Alert: Weingarten Realty Investors (WRI)

Weingarten Realty Investors (WRI) Securities Investigation

Have you suffered losses investing in Weingarten Realty Investors at the advice of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

U.S. REITs have drawn down massive lines of credit as of the end of the first quarter of 2020, as much as $61.9 billion, according to Factright, a due diligence site focused on alternative investments.  Apparently, there was a huge push to gain liquidity to survive the COVID-19 global  pandemic, particularly  amongst retail and hotel REITs.

Weingarten Realty Investors, a real estate investment trust, reportedly engages in leasing space to tenants in the shopping centers, according to MarketWatch. The company owns, manages, acquires, develops, and redevelops strategically located neighborhood and community shopping centers.

According to S&P Global, rent collections for the month of May were down significantly for publicly traded REITs. In the case of Weingarten, 62% of May rents were paid as of June 1, according to S&P Global.

Unfortunately for investors, shares of Weingarten Realty Investors are down -33.64% YTD, according to MarketWatch.

Aggressive financial advisors may have unsuitably recommended WRI in an effort to chase yield. Investors who buy solely on the basis of the dividend may experience losses as the dividend is cut and the stock price declines in response.

If your financial advisor over-concentrated your portfolio, you may have a viable claim to recover your losses.  Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives.  Diversification is the key to reducing risk.  As such, over-concentrated exposure to any sector can be unsuitable for many investors.

Free Consultation with a Securities Attorney

If you are concerned about your investment losses in Weingarten Realty Investors,  the White Law Group may be able to help you. Please call the offices at 888-637-5510 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.