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

NEW YORK ( TheStreet) -- The ex-dividend date for Washington REIT (NYSE: WRE) is tomorrow, June 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 $27.83 as of 9:57 a.m. ET, the dividend yield is 6.1%.

The average volume for Washington REIT has been 413,200 shares per day over the past 30 days. Washington REIT has a market cap of $1.89 billion and is part of the financial sector and real estate industry. Shares are up 2.2% year to date as of the close of trading on Monday.

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 948, above the average real estate industry P/E ratio of 17.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Washington REIT as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including 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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