Washington Real Estate Investment Trust Declares Quarterly Dividend of $0.30 (WRE)

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.

Several research firms have recently commented on WRE. 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 raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 target price on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Finally, Robert W. Baird raised shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.92.

TRADEMARK VIOLATION NOTICE: “Washington Real Estate Investment Trust Declares Quarterly Dividend of $0.30 (WRE)” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/08/19/washington-real-estate-investment-trust-wre-announces-0-30-quarterly-dividend-updated-updated.html.

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.

Dividend History for Washington Real Estate Investment Trust (NYSE:WRE)

What are top analysts saying about Washington Real Estate Investment Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Washington Real Estate Investment Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit