Todays Report: The Washington Real Estate Investment Trust (WRE) Plans Quarterly Dividend of $0.30

The Washington Real Estate Investment Trust (WRE) Plans Quarterly Dividend of $0.30

Washington Real Estate Investment Trust (NYSE:WRE) announced a quarterly dividend on Friday, October 28th. Stockholders of record on Wednesday, December 21st will be given a dividend of 0.30 per share by the real estate investment trust on Friday, January 6th. This represents a $1.20 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Monday, December 19th.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at 29.21 on Monday. Washington Real Estate Investment Trust has a 52-week low of $23.89 and a 52-week high of $34.61. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 20.86 and a beta of 0.80. The stock has a 50 day moving average of $30.28 and a 200 day moving average of $30.90.

Several large investors have recently bought and sold shares of the company. Sei Investments Co. increased its stake in Washington Real Estate Investment Trust by 137.9% in the second quarter. Sei Investments Co. now owns 20,758 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 12,034 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Washington Real Estate Investment Trust by 208.0% in the second quarter. Fifth Third Bancorp now owns 9,936 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 6,710 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Washington Real Estate Investment Trust by 85.1% in the second quarter. Janney Montgomery Scott LLC now owns 13,640 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 6,270 shares during the last quarter. AXA boosted its stake in shares of Washington Real Estate Investment Trust by 7.1% in the second quarter. AXA now owns 305,407 shares of the real estate investment trust’s stock valued at $9,608,000 after buying an additional 20,193 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Washington Real Estate Investment Trust by 31.6% in the second quarter. Alliancebernstein L.P. now owns 161,898 shares of the real estate investment trust’s stock valued at $5,093,000 after buying an additional 38,868 shares during the last quarter. Institutional investors own 84.11% of the company’s stock.

Several brokerages have recently commented on WRE. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Thursday, October 6th. Robert W. Baird downgraded Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $32.00 to $35.00 in a research report on Wednesday, August 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $32.75.

Washington Real Estate Investment Trust Company Profile

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