News stories about Washington Real Estate Investment Trust (NYSE:WRE) have been trending positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Washington Real Estate Investment Trust earned a media sentiment score of 0.36 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.4704356750265 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Washington Real Estate Investment Trust (WRE) traded down 0.58% during trading on Friday, reaching $32.52. 463,316 shares of the company’s stock traded hands. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 24.60 and a beta of 0.96. The company’s 50-day moving average is $32.31 and its 200 day moving average is $32.05. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $34.02.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 90.23%.
A number of research firms recently issued reports on WRE. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Finally, Robert W. Baird upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Tuesday, May 16th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Washington Real Estate Investment Trust 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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