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

NEW YORK ( TheStreet) -- The ex-dividend date for Washington REIT (NYSE: WRE) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $29.46 as of 9:30 a.m. ET, the dividend yield is 5.9%.

The average volume for Washington REIT has been 547,900 shares per day over the past 30 days. Washington REIT has a market cap of $1.95 billion and is part of the financial sector and real estate industry. Shares are up 7.6% 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.

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 largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Washington REIT Ratings Report.

See our dividend calendar or top-yielding stocks list.
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