Washington Real Estate Investment Trust (NYSE:WRE) announced a quarterly dividend on Monday, July 31st, Zacks reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.30 per share by the real estate investment trust on Friday, September 29th. This represents a $1.20 annualized dividend and a yield of 3.67%. The ex-dividend date is Thursday, September 14th.
Washington Real Estate Investment Trust has a dividend payout ratio of 65.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Washington Real Estate Investment Trust to earn $0.45 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 266.7%.
Shares of Washington Real Estate Investment Trust (WRE) opened at 32.68 on Friday. Washington Real Estate Investment Trust has a 1-year low of $27.65 and a 1-year high of $33.96. The firm has a 50-day moving average of $32.39 and a 200 day moving average of $32.08. The stock has a market capitalization of $2.51 billion, a PE ratio of 24.72 and a beta of 0.96.
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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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