Washington Real Estate Investment Trust (NYSE:WRE) Lowered to “D+” at TheStreet
The Street lowered shares of Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) from a c- rating to a d+ rating in a research note issued to investors on Wednesday morning, TheStreetRatingsTable reports.
Other analysts have also issued reports about the company. StockNews.com assumed coverage on Washington Real Estate Investment Trust in a report on Thursday, March 31st. They issued a sell rating for the company. JPMorgan Chase & Co. lowered their price objective on Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. Finally, Wells Fargo & Company lowered their price objective on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an equal weight rating for the company in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Washington Real Estate Investment Trust currently has a consensus rating of Hold and a consensus price target of $24.25.
Shares of Washington Real Estate Investment Trust stock opened at $20.43 on Wednesday. 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 firm has a market cap of $1.79 billion, a P/E ratio of 170.25 and a beta of 0.87. Washington Real Estate Investment Trust has a fifty-two week low of $20.37 and a fifty-two week high of $26.79. The business has a 50-day moving average price of $22.87 and a 200-day moving average price of $24.16.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 22nd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Tuesday, June 21st. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 566.67%.
Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of Washington Real Estate Investment Trust by 6.2% during the second quarter. State of Alaska Department of Revenue now owns 108,690 shares of the real estate investment trust’s stock worth $2,315,000 after buying an additional 6,315 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Washington Real Estate Investment Trust during the first quarter worth approximately $378,000. First Manhattan Co. boosted its position in shares of Washington Real Estate Investment Trust by 435.1% during the first quarter. First Manhattan Co. now owns 1,402 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,140 shares during the period. Guggenheim Capital LLC boosted its position in shares of Washington Real Estate Investment Trust by 41.7% during the first quarter. Guggenheim Capital LLC now owns 12,272 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 3,611 shares during the period. Finally, Highland Capital Management Fund Advisors LP acquired a new position in shares of Washington Real Estate Investment Trust during the first quarter worth approximately $9,968,000. 90.75% of the stock is owned by institutional investors.
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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