Weingarten Realty Investors (WRI) Plans Quarterly Dividend of $0.31
Weingarten Realty Investors (NYSE:WRI) declared a quarterly dividend on Thursday, October 31st, Analyst Ratings.Net reports. Stockholders of record on Thursday, December 5th will be given a dividend of $0.305 per share on Friday, December 13th. This represents a $1.22 dividend on an annualized basis and a yield of 3.84%.
WRI has been the subject of a number of recent research reports. Analysts at Capital One Financial Corp. initiated coverage on shares of Weingarten Realty Investors in a research note to investors on Monday, September 16th. They set a “strong-buy” rating on the stock. On a related note, analysts at Cowen and Company cut their price target on shares of Weingarten Realty Investors from $38.00 to $32.00 in a research note to investors on Thursday, September 12th. They now have an “outperform” rating on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Weingarten Realty Investors in a research note to investors on Tuesday, September 10th. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $34.00.
Weingarten Realty Investors (NYSE:WRI) traded down 0.60% during mid-day trading on Thursday, hitting $31.73. The stock had a trading volume of 709,539 shares. Weingarten Realty Investors has a 52 week low of $25.64 and a 52 week high of $35.91. The stock’s 50-day moving average is $30.13 and its 200-day moving average is $31.34. The company has a market cap of $3.869 billion and a P/E ratio of 25.43.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.04. The company had revenue of $130.70 million for the quarter, compared to the consensus estimate of $130.40 million. During the same quarter last year, the company posted $0.46 earnings per share. Weingarten Realty Investors’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Weingarten Realty Investors will post $1.88 EPS for the current fiscal year.
Weingarten Realty Investors is a real estate investment trust (NYSE:WRI).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.