Weingarten Realty Investors (NYSE:WRI) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.395 per share by the real estate investment trust on Friday, December 13th. This represents a $1.58 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, December 5th.
Shares of Weingarten Realty Investors stock opened at $31.57 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of $4.10 billion, a P/E ratio of 13.85, a PEG ratio of 4.97 and a beta of 0.63. Weingarten Realty Investors has a 1 year low of $23.80 and a 1 year high of $32.17. The company’s fifty day moving average is $30.79 and its two-hundred day moving average is $28.65.
Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.30. Weingarten Realty Investors had a net margin of 60.55% and a return on equity of 16.75%. The business had revenue of $117.38 million during the quarter, compared to analysts’ expectations of $117.85 million. During the same period in the prior year, the company earned $0.58 earnings per share. The business’s revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts expect that Weingarten Realty Investors will post 2.09 earnings per share for the current year.
Several analysts have commented on WRI shares. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Compass Point raised Weingarten Realty Investors from a “neutral” rating to a “buy” rating and boosted their target price for the company from $30.00 to $33.00 in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.50.
About Weingarten Realty Investors
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 177 properties which are located in 17 states spanning the country from coast to coast.
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