Washington Real Estate Investment Trust Hits New 12-Month High at $27.91 (WRE)
Washington Real Estate Investment Trust (NYSE:WRE) shares hit a new 52-week high during mid-day trading on Friday , Stock Ratings Network reports. The stock traded as high as $27.91 and last traded at $27.81, with a volume of 203,072 shares traded. The stock had previously closed at $27.55.
A number of analysts have recently weighed in on WRE shares. Analysts at Stifel Nicolaus raised their price target on shares of Washington Real Estate Investment Trust from $27.00 to $29.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Washington Real Estate Investment Trust in a research note on Wednesday, June 11th. They now have a $26.00 price target on the stock, up previously from $23.00. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.75.
The stock’s 50-day moving average is $26.75 and its 200-day moving average is $25.27. The company has a market cap of $1.856 billion and a price-to-earnings ratio of 14.24.
Washington Real Estate Investment Trust (NYSE:WRE) last announced its earnings results on Thursday, July 24th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.02. The company had revenue of $72.25 million for the quarter, compared to the consensus estimate of $70.61 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Washington Real Estate Investment Trust will post $1.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, September 11th.
Washington Real Estate Investment Trust (NYSE:WRE) is a self-administered, self-managed, real estate investment trust (REIT).
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