Washington Real Estate Investment Trust (WRE) to Issue Quarterly Dividend of $0.30 on September 30th

Washington Real Estate Investment Trust (NYSE:WRE) declared a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.30 per share by the real estate investment trust on Saturday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Thursday, September 14th.

Washington Real Estate Investment Trust has a payout ratio of 65.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Washington Real Estate Investment Trust to earn $1.88 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 63.8%.

Washington Real Estate Investment Trust (NYSE WRE) opened at 32.94 on Wednesday. The company has a market capitalization of $2.53 billion, a PE ratio of 24.92 and a beta of 0.97. Washington Real Estate Investment Trust has a 12 month low of $27.65 and a 12 month high of $33.96. The firm’s 50-day moving average is $32.83 and its 200-day moving average is $32.14.

A number of research analysts recently commented on WRE shares. BidaskClub raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Finally, Robert W. Baird raised Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Tuesday, May 16th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target 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.

Dividend History for Washington Real Estate Investment Trust (NYSE:WRE)

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