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. These 45 properties consist of 22 multifamily properties,15 office properties, and 8 retail centers. Our shares trade on the NYSE. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation's most competitive real estate markets.
Washington Real Estate Investment Trust Stock Performance
Shares of WRE opened at $21.64 on Wednesday. The company has a market cap of $1.89 billion, a PE ratio of 216.40 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $21.56 and a 200-day moving average price of $23.32. Washington Real Estate Investment Trust has a 12-month low of $20.06 and a 12-month high of $26.79.
Washington Real Estate Investment Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.14%. Washington Real Estate Investment Trust's dividend payout ratio (DPR) is presently 680.00%.
Wall Street Analysts Forecast Growth
WRE has been the subject of several research reports. Wells Fargo & Company cut their price target on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an "equal weight" rating for the company in a research note on Friday, July 1st. StockNews.com upgraded Washington Real Estate Investment Trust from a "sell" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. cut their target price on Washington Real Estate Investment Trust from $26.00 to $24.00 in a research note on Tuesday, June 14th. Finally, TheStreet downgraded Washington Real Estate Investment Trust from a "c-" rating to a "d+" rating in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $24.25.