Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) has received an average recommendation of “Hold” from the six rating agencies that currently cover the company, reports Marketbeat.com. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The average 1-year target price set by analysts covering the stock over the last year is $26.33.
A number of equity research analysts have recently issued reports on WRE stock. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report Wednesday, May 4th. StockNews.com began coverage of Washington Real Estate Investment Trust shares in a research report on Thursday, March 31st. They give the company a “sell” rating.
Hedge funds and other institutional investors recently changed their holdings in the company. Widmann Financial Services Inc. acquired a new position in Washington Real Estate Investment Trust stock valued at approximately $25,000 during the fourth quarter. Penserra Capital Management LLC purchased a new position in Washington Real Estate Investment Trust valued at approximately $27,000 during the first quarter. Trust Co. of Vermont acquired a new position in Washington Real Estate Investment Trust valued at approximately $32,000 during the fourth quarter. First Manhattan Co. increased its stake in Washington Real Estate Investment Trust by 435.1% in the first quarter. First Manhattan Co. now owns 1,402 shares of the $35,000 Real Estate Investment Trust after purchasing an additional 1,140 shares last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Washington Real Estate Investment Trust by 232.0% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,693 shares of the real estate investment trust valued at $44,000 after purchasing an additional 1,183 shares last quarter. 90.75% of the shares are currently owned by institutional investors.
Shares in Washington Real Estate Investment Trust opened at $24.57 on Monday. The stock has a market cap of $2.15 billion, a P/E of 204.75, and a beta of 0.85. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt to equity ratio of 0.38. The company has a 50-day simple moving average of $24.46 and a 200-day simple moving average of $24.78. Washington Real Estate Investment Trust has a 12-month low of $22.23 and a 12-month high of $27.05.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 22 will receive a dividend of $0.17 per share. That equates to an annual dividend of $0.68 and a yield of 2.77%. The ex-dividend date is Tuesday 21st June. Washington Real Estate Investment Trust’s payout ratio is currently 566.67%.
Company Profile of Washington Real Estate Investment Trust (received rating)
WashREIT owns and operates uniquely positioned real estate investments in the Washington metro area. Backed by decades of experience, expertise and ambition, we create value by turning insights into strategies and strategies into action. As of October 29, 2020, the Company’s portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multi-family residential units.
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