Media coverage about Washington Real Estate Investment Trust (NYSE:WRE) has been trending positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 coverage optimism score of 0.29 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.3561709999566 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s analysis:
Shares of Washington Real Estate Investment Trust (WRE) opened at $28.91 on Thursday. The stock has a market capitalization of $2,280.00, a price-to-earnings ratio of 96.37, a P/E/G ratio of 15.88 and a beta of 0.94. Washington Real Estate Investment Trust has a 12-month low of $28.73 and a 12-month high of $33.96. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 20th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a yield of 4.15%. Washington Real Estate Investment Trust’s payout ratio is 400.00%.
Several research firms recently commented on WRE. Zacks Investment Research cut Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. TheStreet cut Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Capital One Financial reissued an “overweight” rating on shares of Washington Real Estate Investment Trust in a research note on Monday, November 20th. SunTrust Banks set a $33.00 price objective on Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.25.
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About Washington Real Estate Investment Trust
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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