Ex-Dividend Stocks: Praxair, Lear

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Tuesday, meaning an investor must purchase the shares Monday to qualify for the next dividend payment: Weingarten Realty Investors ( WRI), Praxair ( PX) and Lear ( LEA).

Weingarten Realty Investors

The real estate investment trust reported on May 8 first-quarter earnings of $12.3 million, or 10 cents a share, up from year-earlier earnings of $7.2 million, or 6 cents a share.

"We rate WRI's stock Neutral as we do not see an explicit near-term potential catalyst for the stock," JPMorgan analysts wrote in a May 25 report. "While we do like WRI's intermediate-term prospects and believe that management has done an excellent job of refocusing the company, we believe the stock's valuation could continue to trade a little wider than the group based on its geographic exposure and that accelerated dispositions could weigh on growth."

Forward Annual Dividend Yield: 4.6%

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Praxair

The process gases company reported on April 25 first-quarter earnings of $419 million, or $1.38 a share, up from year-earlier earnings of $398 million, or $1.29 a share.

"Praxair trades at 19.1x 2012E EPS," Jefferies analysts wrote in a May 14 report. "A 20x P/E multiple on 2013E supports our $134 price target, based on a blend of our peak and mid-cycle valuation models. Key risk: competitor behavior disrupting supply/demand balances."

Forward Annual Dividend Yield: 2%


Lear

The automotive seat systems company on May 3 reported earnings of $134.1 million, or $1.32 a share, down from year-earlier earnings of $156 million, or $1.44 a share.

"In our view, LEA remains a fundamentally undervalued name, with a strong new business backlog, about $300 in expected FCF per year through 2014, and continued share buyback activity," Credit Suisse analysts wrote in a May 4 report. "And while consensus estimates for LEA (like GM itself) probably have to come down for 2Q12, current valuation offers more than enough protection, with the stock trading at 3.5x 2012 EV/EBITDA vs the group at 5.7x. We maintain our Outperform rating."

Forward Annual Dividend Yield: 1.4%

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-- Written by Alexandra Zendrian

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