Washington Real Estate Investment Trust (WRE) Raised to “Hold” at Zacks Investment Research

Washington Real Estate Investment Trust (NYSE:WRE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “WASHINGTON R.E. INV. TRUST is a self-administered qualified equity real estate investment trust. The Trust’s business consists of the ownership of income-producing real estate properties principally in the Greater Washington-Baltimore Region. The Trust has a fundamental strategy of regional focus, diversified property type ownership and conservative financial management. “

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Robert W. Baird restated an “outperform” rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. TheStreet cut Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. SunTrust Banks set a $33.00 price objective on Washington Real Estate Investment Trust and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Capital One Financial restated an “overweight” rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.25.

Washington Real Estate Investment Trust (NYSE WRE) traded down $0.09 on Friday, hitting $28.86. The stock had a trading volume of 265,935 shares, compared to its average volume of 375,495. The company has a market capitalization of $2,271.56, a PE ratio of 96.20, a PEG ratio of 15.61 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a 1-year low of $28.73 and a 1-year high of $33.96.

A number of large investors have recently made changes to their positions in WRE. Schwab Charles Investment Management Inc. grew its position in Washington Real Estate Investment Trust by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 821,490 shares of the real estate investment trust’s stock valued at $26,206,000 after acquiring an additional 80,151 shares during the period. Prudential Financial Inc. boosted its stake in Washington Real Estate Investment Trust by 7.3% in the second quarter. Prudential Financial Inc. now owns 9,023 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 610 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Washington Real Estate Investment Trust by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 208 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Washington Real Estate Investment Trust by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 570 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Washington Real Estate Investment Trust by 27.4% in the second quarter. Principal Financial Group Inc. now owns 15,564 shares of the real estate investment trust’s stock worth $496,000 after purchasing an additional 3,344 shares in the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

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Washington Real Estate Investment Trust Company Profile

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.

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