Weingarten Realty Investors (NYSE:WRI) announced a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be paid a dividend of 0.385 per share by the real estate investment trust on Friday, December 15th. This represents a $1.54 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Thursday, December 7th.

Weingarten Realty Investors has increased its dividend payment by an average of 6.2% per year over the last three years and has increased its dividend every year for the last 7 years. Weingarten Realty Investors has a dividend payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. 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 $32.79 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22. Weingarten Realty Investors has a 1 year low of $29.03 and a 1 year high of $36.82. The stock has a market cap of $4,275.39, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 3.31 and a beta of 0.71.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The company had revenue of $141.06 million during the quarter, compared to the consensus estimate of $139.72 million. During the same quarter last year, the company earned $0.58 earnings per share. Weingarten Realty Investors’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts forecast that Weingarten Realty Investors will post 2.43 EPS for the current fiscal year.

Several equities analysts have recently commented on the company. Boenning Scattergood set a $30.00 target price on Weingarten Realty Investors and gave the company a “sell” rating in a research note on Thursday, October 26th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $35.00 target price (down from $37.00) on shares of Weingarten Realty Investors in a research note on Wednesday, August 9th. TheStreet upgraded Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. Jefferies Group reiterated a “hold” rating and set a $32.00 target price on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. Finally, Robert W. Baird reiterated a “buy” rating and set a $37.00 target price on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. One equities research 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 has an average rating of “Hold” and an average price target of $33.25.

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Weingarten Realty Investors Company Profile

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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