Washington Real Estate Investment Trust (WRE) Sets New 12-Month Low at $29.71

Washington Real Estate Investment Trust (NYSE:WRE)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.71 and last traded at $30.19, with a volume of 632600 shares trading hands. The stock had previously closed at $30.09.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Capital One Financial reiterated an “overweight” rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. TheStreet lowered Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Robert W. Baird reiterated an “outperform” rating and issued a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. Finally, SunTrust Banks set a $33.00 price target on Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.50.

The company has a debt-to-equity ratio of 1.05, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $2,368.86, a PE ratio of 97.77, a price-to-earnings-growth ratio of 16.27 and a beta of 0.94.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 400.00%.

A number of large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its position in Washington Real Estate Investment Trust by 1.0% during the 2nd quarter. HighTower Advisors LLC now owns 20,736 shares of the real estate investment trust’s stock worth $662,000 after acquiring an additional 203 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Washington Real Estate Investment Trust by 2.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock worth $263,000 after acquiring an additional 208 shares during the last quarter. GAM Holding AG boosted its position in Washington Real Estate Investment Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 313 shares during the last quarter. ETRADE Capital Management LLC boosted its position in Washington Real Estate Investment Trust by 4.1% during the 2nd quarter. ETRADE Capital Management LLC now owns 9,160 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 357 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Washington Real Estate Investment Trust by 6.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 437 shares during the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

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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.

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