Press coverage about Washington Real Estate Investment Trust (NYSE:WRE) has trended positive on Saturday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Washington Real Estate Investment Trust earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.2735752858476 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
NYSE WRE opened at $27.58 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $2,180.67, a P/E ratio of 15.15, a P/E/G ratio of 14.95 and a beta of 0.78. Washington Real Estate Investment Trust has a 12 month low of $24.92 and a 12 month high of $33.96.
Washington Real Estate Investment Trust (NYSE:WRE) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.41). The company had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $81.94 million. Washington Real Estate Investment Trust had a net margin of 6.04% and a return on equity of 1.80%. research analysts forecast that Washington Real Estate Investment Trust will post 1.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date was Wednesday, March 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 65.93%.
A number of equities research analysts have commented on the stock. SunTrust Banks set a $31.00 price objective on shares of Washington Real Estate Investment Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Stifel Nicolaus reaffirmed a “sell” rating on shares of Washington Real Estate Investment Trust in a research report on Friday, February 16th. Finally, JPMorgan Chase dropped their target price on shares of Washington Real Estate Investment Trust from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Washington Real Estate Investment Trust has a consensus rating of “Hold” and a consensus target price of $31.40.
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About Washington Real Estate Investment Trust
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.
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