LONDON, UK / ACCESSWIRE / March 06, 2018 / Active-Investors has a free review on Weingarten Realty Investors (NYSE: WRI) ("Weingarten") following the Company's announcement that it will begin trading ex-dividend on March 07, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 06, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on WRI:

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Dividend Declared

On February 21, 2018, Weingarten's Board of Trust Managers declared a quarterly cash dividend of $0.395 per common share payable on March 15, 2018, to shareholders of record on March 08, 2018. Annualized, the dividend will be $1.58 per common share, an increase of 2.6% over the recurring quarterly dividends in 2017.

Weingarten's indicated dividend represents a yield of 5.72%, which is substantially above the average dividend yield of 5.09% for the Financial sector. The Company has raised dividend for eight consecutive years.

Dividend Insights

Weingarten has a dividend payout ratio of 67.2%, which indicates that the Company distributes approximately $0.67 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Weingarten is forecasted to report earnings of $1.09 per share for the next year compared to the Company's annualized dividend of $1.58 per share. One of the primary reasons for the difference between earnings and annualized dividend is that Weingarten is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, for the quarter ended December 31, 2017, Weingarten reported net income of $168.0 million, or $1.30 per share, compared to $44.1 million, or $0.34 per share, for Q4 2016.

On the other hand, Weingarten's core FFO for the quarter ended December 31, 2017, was $0.61 per share, or $78.5 million, compared to $0.61 per share, or $79.4 million, for the year ago same period. The Company's FFO number indicates that the Company should be able to comfortably cover its dividend payout.

About Weingarten Realty Investors

Weingarten, is a shopping center owner, manager, and developer. At December 31, 2017, 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 204 properties which are located in 17 states spanning over the United States from coast to coast. These properties represent approximately 41.3 million square feet of which Weingarten's interests in these properties aggregated approximately 26.4 million square feet of leasable area.

Stock Performance Snapshot

March 05, 2018 - At Monday's closing bell, Weingarten's stock was marginally up 0.40%, ending the trading session at $27.71.

Volume traded for the day: 1.01 million shares, which was above the 3-month average volume of 795.80 thousand shares.

After yesterday's close, Weingarten's market cap was at $3.56 billion.

Price to Earnings (P/E) ratio was at 10.60.

The stock has a dividend yield of 5.70%.

The stock is part of the Financial sector, categorized under the REIT - Retail industry. This sector was up 1.0% at the end of the session.

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