Washington Real Estate Investment Trust (NYSE:WRE) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.30 per share by the real estate investment trust on Monday, September 30th. This represents a $1.20 annualized dividend and a yield of 4.28%. The ex-dividend date is Friday, September 13th.

Washington Real Estate Investment Trust has raised its dividend payment by an average of 10.1% annually over the last three years. Washington Real Estate Investment Trust has a payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Washington Real Estate Investment Trust to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 75.0%.

Shares of WRE stock traded up $0.60 on Wednesday, hitting $28.05. The company’s stock had a trading volume of 33,525 shares, compared to its average volume of 233,215. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.17 and a quick ratio of 1.17. Washington Real Estate Investment Trust has a fifty-two week low of $22.53 and a fifty-two week high of $31.30. The firm’s fifty day moving average price is $26.57 and its 200-day moving average price is $27.37. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 15.78 and a beta of 0.93.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.44). Washington Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 2.51%. The business had revenue of $76.82 million for the quarter, compared to analyst estimates of $85.76 million. During the same period in the previous year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts predict that Washington Real Estate Investment Trust will post 1.72 EPS for the current fiscal year.

A number of equities research analysts have issued reports on WRE shares. Robert W. Baird cut Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $28.00 in a research report on Tuesday, May 14th. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $28.80.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

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Dividend History for Washington Real Estate Investment Trust (NYSE:WRE)

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