Weingarten Realty Investors (NYSE:WRI) declared a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Investors of record on Friday, December 8th will be given 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 4.66%. The ex-dividend date is Thursday, December 7th.

Weingarten Realty Investors has increased its dividend by an average of 6.2% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Weingarten Realty Investors has a payout ratio of 63.4% 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%.

Weingarten Realty Investors (WRI) opened at $33.02 on Friday. Weingarten Realty Investors has a twelve month low of $29.03 and a twelve month high of $36.82. The firm has a market cap of $4,231.72, a PE ratio of 13.50, a P/E/G ratio of 3.28 and a beta of 0.71. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.24.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the 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 business had revenue of $141.06 million for the quarter, compared to analysts’ expectations of $139.72 million. During the same period in the previous year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. analysts predict that Weingarten Realty Investors will post 2.43 EPS for the current year.

WRI has been the topic of several analyst reports. J P Morgan Chase & Co restated a “neutral” rating and set a $35.00 price target (down from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. TheStreet upgraded shares of Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. Robert W. Baird restated a “buy” rating and set a $37.00 price target on shares of Weingarten Realty Investors in a report on Thursday, August 24th. Jefferies Group restated a “hold” rating and set a $32.00 price target on shares of Weingarten Realty Investors in a report on Tuesday, August 29th. Finally, Boenning Scattergood set a $30.00 price target on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $33.25.

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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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