Washington Real Estate Investment Trust (NYSE:WRE) Sets New 1-Year Low at $20.08

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Shares of Washington Real Estate Investment Trust (NYSE:WREGet Rating) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $20.08 and last traded at $20.11, with a volume of 1209 shares. The stock had previously closed at $20.45.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WRE. StockNews.com began coverage on Washington Real Estate Investment Trust in a report on Thursday, March 31st. They set a “sell” rating on the stock. Wells Fargo & Company dropped their price objective on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, July 1st. TheStreet lowered Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. decreased their target price on Washington Real Estate Investment Trust from $26.00 to $24.00 in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.25.

Washington Real Estate Investment Trust Trading Up 2.0 %

The company has a market cap of $1.82 billion, a price-to-earnings ratio of 173.17 and a beta of 0.87. The firm has a 50-day moving average price of $22.56 and a 200 day moving average price of $23.99. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 0.38.

Washington Real Estate Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Wednesday, June 22nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $0.68 dividend on an annualized basis and a yield of 3.27%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 566.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC acquired a new position in Washington Real Estate Investment Trust during the 1st quarter valued at approximately $235,000. SG Americas Securities LLC boosted its position in Washington Real Estate Investment Trust by 230.6% during the 4th quarter. SG Americas Securities LLC now owns 63,033 shares of the real estate investment trust’s stock valued at $1,629,000 after purchasing an additional 43,967 shares during the period. Econ Financial Services Corp acquired a new position in Washington Real Estate Investment Trust during the 4th quarter valued at approximately $481,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Washington Real Estate Investment Trust by 5.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,290 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 1,206 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Washington Real Estate Investment Trust by 2.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 70,730 shares of the real estate investment trust’s stock valued at $1,828,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 90.75% of the company’s stock.

Washington Real Estate Investment Trust Company Profile

(Get Rating)

WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy 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 multifamily apartment units.

Further Reading

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