Washington Real Estate Investment Trust (NYSE:WRE) announced a quarterly dividend on Monday, July 31st, Zacks reports. Investors of record on Friday, September 15th will be paid a dividend of 0.30 per share by the real estate investment trust on Friday, September 29th. This represents a $1.20 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, September 14th.

Washington Real Estate Investment Trust has a payout ratio of 65.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Washington Real Estate Investment Trust to earn $1.88 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 63.8%.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at 32.80 on Friday. The company has a market capitalization of $2.52 billion, a PE ratio of 24.81 and a beta of 0.97. The company has a 50-day moving average price of $32.78 and a 200 day moving average price of $32.16. Washington Real Estate Investment Trust has a one year low of $27.65 and a one year high of $33.96.

A number of equities analysts have commented on the company. BidaskClub raised Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Finally, Robert W. Baird raised Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.92.

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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.

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

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