Weingarten Realty Investors (NYSE:WRI) declared a quarterly dividend on Thursday, July 27th, RTT News reports. Shareholders of record on Friday, September 8th will be given a dividend of 0.385 per share by the real estate investment trust on Friday, September 15th. This represents a $1.54 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Thursday, September 7th.

Weingarten Realty Investors has raised its dividend payment by an average of 6.2% per year over the last three years and has raised its dividend every year for the last 7 years. Weingarten Realty Investors has a dividend payout ratio of 63.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Weingarten Realty Investors to earn $2.48 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 62.1%.

Shares of Weingarten Realty Investors (NYSE WRI) opened at 32.19 on Friday. The company has a 50 day moving average of $32.16 and a 200 day moving average of $32.36. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $42.12. The firm has a market capitalization of $4.13 billion, a PE ratio of 21.65 and a beta of 0.72.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. The firm had revenue of $142.96 million during the quarter, compared to analyst estimates of $142.34 million. During the same period in the prior year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Weingarten Realty Investors will post $0.99 earnings per share for the current fiscal year.

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Several brokerages have recently commented on WRI. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 price target on shares of Weingarten Realty Investors in a report on Tuesday. Robert W. Baird reiterated a “buy” rating and issued a $37.00 price target on shares of Weingarten Realty Investors in a report on Thursday, August 24th. TheStreet upgraded Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $35.00 price target (down previously from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. Finally, BidaskClub upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.40.

About Weingarten Realty Investors

Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.

Dividend History for Weingarten Realty Investors (NYSE:WRI)

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