Washington REIT Stock To Go Ex-dividend Tomorrow (WRE)

NEW YORK (TheStreet) -- The ex-dividend date for Washington REIT (NYSE:WRE) is tomorrow, December 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $26.84 as of 9:39 a.m. ET, the dividend yield is 6.5%.

The average volume for Washington REIT has been 650,000 shares per day over the past 30 days. Washington REIT has a market cap of $1.77 billion and is part of the financial sector and real estate industry. Shares are down 12% year to date as of the close of trading on Friday.

Washington Real Estate Investment Trust is an equity real estate investment trust (REIT). The company engages in the ownership, operation, and development of real properties. The firm invests in real estate markets of the greater Washington D.C. metro region. The company has a P/E ratio of 121.7, above the average real estate industry P/E ratio of 20.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Washington REIT as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and disappointing return on equity. You can view the full Washington REIT Ratings Report.

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