Why Weingarten Realty Stock Rallied 11% at the Open Today

Why Weingarten Realty Stock Rallied 11% at the Open Today

Shares of real estate investment trust (REIT) Weingarten Realty (NYSE: WRI) rose 11% out of the gate on April 15. The big news driving the advance was the announcement that Kimco (NYSE: KIM) and Weingarten plan to merge. Although billed as a merger, Kimco is really buying its shopping center peer.