News articles about Washington Real Estate Investment Trust (NYSE:WRE) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Washington Real Estate Investment Trust earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next few days.
Washington Real Estate Investment Trust (WRE) traded down 0.82% during trading on Tuesday, hitting $32.65. The stock had a trading volume of 390,422 shares. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 24.70 and a beta of 0.96. The stock has a 50 day moving average price of $32.24 and a 200-day moving average price of $32.03. Washington Real Estate Investment Trust has a 12 month low of $27.65 and a 12 month high of $34.24.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued 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 3.68%. Washington Real Estate Investment Trust’s payout ratio is currently 90.23%.
WRE has been the topic of a number of analyst reports. BidaskClub raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Finally, Robert W. Baird raised Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.92.
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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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