[Business Wire] – Wells Fargo Real Estate Investment Corporation announced today that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. Read more on this. Wells Fargo & Company (WFC) , with a current value of $255.98B, opened this morning at $49.96. Shares have traded today between $49.68 and $50.27 per share with a trailing 52-week range being $44.50 to $58.77. WFC shares are currently priced at 11.64x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.42x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.50 per share annually in dividends, yielding 3.20%. According to a consensus of 29 analysts, the earnings estimate of $0.99 per share would be $0.05 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.26, which would be a $0.11 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.70 Billion. If reported, that would be a 1.97% increase over the year-ago quarter. Recently, Susquehanna upgraded WFC from Neutral to Positive (Jan 20, 2016). Previously, Keefe Bruyette upgraded WFC from Mkt Perform to Outperform. The average price target for WFC shares by the analysts covering it is $57.02, which is 14.13% above where the stock opened. See more in (NYSE:WFC) Similar Articles: Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo First Quarter 2016 Earnings Information Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commercial Real Estate Hires Industry Veteran Jeff Miller Company Update (NYSE:BAC): Bank of America Declares Dividend on Series L Preferred Stock, Series Y Preferred Stock, and Series Z Preferred Stock