Washington Real Estate Investment Trust (NYSE:WRE) Receives Average Recommendation of “Hold” from Brokerages | Ezine Daddy

Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) shares have received an average recommendation of “Hold” from the six analysts currently covering the company, reports MarketBeat Ratings. One analyst has rated the stock with a sell rating, four with a hold rating and one with a buy rating. The average 12-month target price among brokers who have updated their coverage of the stock over the past year is $26.33.

Several analysts have recently commented on WRE stock. StockNews.com reported Thursday, March 31, in a research report on shares of Washington Real Estate Investment Trust. They gave the stock a “sell” rating. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday.

WRE stock opened at $24.13 on Thursday. The company’s 50-day simple moving average is $24.72 and its 200-day simple moving average is $25.06. The company has a market cap of $2.11 billion, a P/E of 201.08 and a beta of 0.85. Washington Real Estate Investment Trust has a 12-month low of $22.23 and a 12-month high of $27.05. The company has a gearing ratio of 0.38, a current ratio of 4.72 and a quick ratio of 4.72.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 22 will receive a dividend of $0.17 per share. That equates to an annualized dividend of $0.68 and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday 21st June. Washington Real Estate Investment Trust’s payout percentage is 566.67%.

Major investors have recently bought and sold shares in the company. Widmann Financial Services Inc. acquired a new position in Washington Real Estate Investment Trust valued at approximately $25,000 during the fourth quarter. Trust Co. of Vermont acquired a new position in Washington Real Estate Investment Trust valued at approximately $32,000 during the fourth quarter. JFS Wealth Advisors LLC acquired a new position in Washington Real Estate Investment Trust valued at approximately $42,000 during the third quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Washington Real Estate Investment Trust by 232.0% in 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 during the period. Finally, Geneos Wealth Management Inc. increased its stake in Washington Real Estate Investment Trust by 49.3% in the third quarter. Geneos Wealth Management Inc. now owns 2,240 shares of the Real Estate Investment Trust valued at $57,000 after purchasing an additional 740 shares during the period. 90.75% of the shares are currently owned by institutional investors.

About 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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