Washington Real Estate Investment Trust (NYSE:WRE) Given Average Rating of “Hold” by Analysts
Shares of Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) have been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $26.33.
Several research firms have weighed in on WRE. StockNews.com began coverage on Washington Real Estate Investment Trust in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Zacks Investment Research raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 25th.
A number of hedge funds and other institutional investors have recently made changes to their positions in WRE. Allspring Global Investments Holdings LLC acquired a new position in Washington Real Estate Investment Trust in the 4th quarter valued at $47,217,000. Norges Bank acquired a new position in shares of Washington Real Estate Investment Trust during the 4th quarter worth $19,614,000. BlackRock Inc. raised its holdings in shares of Washington Real Estate Investment Trust by 3.3% during the 4th quarter. BlackRock Inc. now owns 15,984,446 shares of the real estate investment trust’s stock worth $413,198,000 after buying an additional 503,512 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Washington Real Estate Investment Trust by 12.5% during the 4th quarter. Schroder Investment Management Group now owns 1,832,975 shares of the real estate investment trust’s stock worth $47,382,000 after buying an additional 204,186 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Washington Real Estate Investment Trust by 3.6% during the 4th quarter. State Street Corp now owns 4,630,567 shares of the real estate investment trust’s stock worth $120,484,000 after buying an additional 161,638 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.
NYSE WRE traded up $0.12 during trading on Friday, reaching $25.15. 393,776 shares of the company’s stock were exchanged, compared to its average volume of 481,373. The company’s fifty-day simple moving average is $24.39 and its 200-day simple moving average is $25.09. Washington Real Estate Investment Trust has a fifty-two week low of $22.23 and a fifty-two week high of $27.05. The firm has a market capitalization of $2.20 billion, a PE ratio of 132.37 and a beta of 0.87. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 0.38.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Wednesday, March 23rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 22nd. This represents a $0.68 annualized dividend and a yield of 2.70%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 357.89%.
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.
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