Washington Real Estate Investment Trust (NYSE:WRE) Reaches New 12-Month Low at $21.28


Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) shares hit a new 52-week low on Wednesday . The company traded as low as $21.28 and last traded at $21.41, with a volume of 2581 shares changing hands. The stock had previously closed at $21.43.

WRE has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. StockNews.com initiated coverage on shares of Washington Real Estate Investment Trust in a report on Thursday, March 31st. They issued a “sell” rating on the stock.

The company’s 50 day moving average is $23.86 and its 200 day moving average is $24.52. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 180.00 and a beta of 0.85.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 22nd will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 21st. This represents a $0.68 annualized dividend and a yield of 3.14%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 566.67%.

A number of large investors have recently made changes to their positions in WRE. Widmann Financial Services Inc. purchased a new position in Washington Real Estate Investment Trust during the 4th quarter worth $25,000. Penserra Capital Management LLC purchased a new position in Washington Real Estate Investment Trust during the 1st quarter worth $27,000. Trust Co. of Vermont purchased a new position in Washington Real Estate Investment Trust during the 4th quarter worth $32,000. First Manhattan Co. grew its position in Washington Real Estate Investment Trust by 435.1% during the 1st quarter. First Manhattan Co. now owns 1,402 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in Washington Real Estate Investment Trust by 232.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,693 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,183 shares during the last quarter. Hedge funds and other institutional investors own 90.75% of the company’s stock.

Washington Real Estate Investment Trust Company Profile (NYSE:WRE)

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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