Washington Real Estate Investment Trust (NYSE:WRE) downgraded to ‘D+’ by TheStreet


TheStreet downgraded shares of Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) from a c- rating to a d+ rating in a research note issued to investors on Wednesday morning, TheStreetRatingsTable reports.

Other analysts have also issued reports on the company. StockNews.com assumed coverage on Washington Real Estate Investment Trust in a report on Thursday, March 31st. They issued a sell rating on the company. JPMorgan Chase & Co. decreased their price objective on Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. Finally, Wells Fargo & Company decreased their price objective on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an equal weight rating for the company in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Washington Real Estate Investment Trust currently has a consensus rating of Hold and a consensus price target of $24.25, according to MarketBeat.com.

Shares of Washington Real Estate Investment Trust stock opened at $20.43 on Wednesday. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.79 billion, a P/E ratio of 170.25 and a beta of 0.87. Washington Real Estate Investment Trust has a fifty-two week low of $20.37 and a fifty-two week high of $26.79. The business has a 50-day moving average of $22.87 and a 200-day moving average of $24.16.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 22nd were given a dividend of $0.17 per share. This represents a $0.68 annual dividend and a dividend yield of 3.33%. The ex-dividend date was Tuesday, June 21st. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 566.67%.

Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of Washington Real Estate Investment Trust by 6.2% in the second quarter. State of Alaska Department of Revenue now owns 108,690 shares of the real estate investment trust’s stock valued at $2,315,000 after purchasing an additional 6,315 shares during the period. Meiji Yasuda Asset Management Co Ltd acquired a new position in shares of Washington Real Estate Investment Trust in the first quarter valued at approximately $378,000. First Manhattan Co. boosted its position in shares of Washington Real Estate Investment Trust by 435.1% in the first quarter. First Manhattan Co. now owns 1,402 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,140 shares during the period. Guggenheim Capital LLC boosted its position in shares of Washington Real Estate Investment Trust by 41.7% in the first quarter. Guggenheim Capital LLC now owns 12,272 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 3,611 shares during the period. Finally, Highland Capital Management Fund Advisors LP acquired a new position in shares of Washington Real Estate Investment Trust in the first quarter valued at approximately $9,968,000. 90.75% of the shares are owned by institutional investors.

Washington Real Estate Investment Trust Company Profile (Get Rating)

WashREIT owns and manages uniquely positioned real estate in the Washington metro area. Backed by decades of experience, expertise and ambition, we create value by turning 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 apartments.

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