Weingarten Realty Investors (NYSE:WRI) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.395 per share by the real estate investment trust on Friday, December 13th. This represents a $1.58 annualized dividend and a yield of 4.99%. The ex-dividend date is Thursday, December 5th.
NYSE:WRI opened at $31.67 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 4.97 and a beta of 0.63. The company’s 50-day moving average is $30.85 and its two-hundred day moving average is $28.66. Weingarten Realty Investors has a 1-year low of $23.80 and a 1-year high of $32.17.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.30. The business had revenue of $117.38 million during the quarter, compared to the consensus estimate of $117.85 million. Weingarten Realty Investors had a net margin of 60.55% and a return on equity of 16.75%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. As a group, equities analysts anticipate that Weingarten Realty Investors will post 2.09 earnings per share for the current fiscal year.
A number of research analysts recently 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 upgraded Weingarten Realty Investors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $30.00 to $33.00 in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Weingarten Realty Investors presently has a consensus rating of “Hold” and an average target price of $30.50.
Weingarten Realty Investors Company Profile
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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