Washington Real Estate Investment Trust (WRE) Receives News Sentiment Score of 0.36
Headlines about Washington Real Estate Investment Trust (NYSE:WRE) have been trending positive this week, AlphaOne Sentiment Analysis reports. The research firm, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Real Estate Investment Trust earned a media sentiment score of 0.36 on AlphaOne’s scale. AlphaOne also gave media coverage about the real estate investment trust an impact score of 33 out of 100, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the near future.
Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at 32.63 on Thursday. Washington Real Estate Investment Trust has a 12-month low of $27.65 and a 12-month high of $34.61. The stock has a market cap of $2.51 billion, a PE ratio of 19.53 and a beta of 0.89. The firm has a 50 day moving average price of $32.02 and a 200 day moving average price of $31.92.
Washington Real Estate Investment Trust (NYSE:WRE) last released its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $77.50 million during the quarter, compared to analyst estimates of $77.54 million. Washington Real Estate Investment Trust had a return on equity of 19.15% and a net margin of 55.81%. On average, equities analysts expect that Washington Real Estate Investment Trust will post $0.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, June 13th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 48.98%.
WRE has been the subject of several analyst reports. Stifel Nicolaus raised their target price on Washington Real Estate Investment Trust from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, February 22nd. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 25th. Finally, Robert W. Baird upgraded Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $33.92.
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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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