Headlines about Washington Real Estate Investment Trust (NYSE:WRE) have been trending positive on Sunday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Washington Real Estate Investment Trust earned a news impact score of 0.31 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.927455751485 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Washington Real Estate Investment Trust (WRE) Given a $33.00 Price Target by SunTrust Banks, Inc. Analysts (americanbankingnews.com)
- Edited Transcript of WRE earnings conference call or presentation 27-Oct-17 3:00pm GMT (finance.yahoo.com)
- Washington Real Estate Investment Trust’s (WRE) CEO Paul McDermott on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Washington Real Estate Investment Trust to Issue Quarterly Dividend of $0.30 (WRE) (americanbankingnews.com)
- BRIEF-Washington Real Estate Investment Trust qtrly reported core FFO of $0.46 per diluted share (WRE) (markets.businessinsider.com)
Several analysts have weighed in on the company. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 target price on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. BidaskClub downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, SunTrust Banks, Inc. set a $33.00 target price on Washington Real Estate Investment Trust and gave the company a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.36.
Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded up 1.08% during mid-day trading on Friday, reaching $32.63. The company’s stock had a trading volume of 505,658 shares. The company has a 50 day moving average of $32.91 and a 200-day moving average of $32.48. Washington Real Estate Investment Trust has a 12 month low of $27.65 and a 12 month high of $33.96. The firm has a market capitalization of $2.51 billion, a P/E ratio of 24.68 and a beta of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 400.00%.
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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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