News stories about Washington Real Estate Investment Trust (NYSE:WRE) have been trending positive on Friday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Washington Real Estate Investment Trust earned a news impact score of 0.35 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have recently weighed in on WRE. Robert W. Baird raised shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price target for the company in a report on Tuesday, May 16th. BidaskClub raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $33.92.
Washington Real Estate Investment Trust (NYSE WRE) traded down 0.58% during trading on Friday, reaching $32.52. 463,316 shares of the company were exchanged. Washington Real Estate Investment Trust has a one year low of $27.65 and a one year high of $34.24. The company has a market capitalization of $2.50 billion, a P/E ratio of 24.60 and a beta of 0.96. The firm’s 50-day moving average is $32.31 and its 200 day moving average is $32.05.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.20 annualized dividend and a yield of 3.69%. Washington Real Estate Investment Trust’s payout ratio is presently 90.23%.
Washington Real Estate Investment Trust Company Profile
Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. The Company’s business consists of the ownership and operation of real property in the greater Washington metro region. The Company owns a diversified portfolio of office buildings, multifamily buildings and retail centers.
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