Weingarten Realty Investors Stock To Go Ex-dividend Tomorrow (WRI)

NEW YORK ( TheStreet) -- The ex-dividend date for Weingarten Realty Investors (NYSE: WRI) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $24.09 as of 9:30 a.m. ET, the dividend yield is 4.7%.

The average volume for Weingarten Realty Investors has been 1.1 million shares per day over the past 30 days. Weingarten Realty Investors has a market cap of $2.8 billion and is part of the financial sector and real estate industry. Shares are up 2% year to date as of the close of trading on Monday.

Weingarten Realty Investors operates as a real estate investment trust (REIT). The company engages in the management, acquisition, and development of real estate. It operates in two segments, Shopping Center and Industrial. The company has a P/E ratio of 333.7, below the average real estate industry P/E ratio of 467.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Weingarten Realty Investors as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Weingarten Realty Investors Ratings Report.

See our dividend calendar or top-yielding stocks list.

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