Washington Real Estate Investment Trust’s (WRE) “Sell” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reissued their sell rating on shares of Washington Real Estate Investment Trust (NYSE:WRE) in a research report report published on Monday. The firm currently has a $26.00 price target on the real estate investment trust’s stock.

WRE has been the topic of several other reports. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a hold rating to a sell rating in a research note on Thursday, October 26th. Capital One Financial restated an overweight rating on shares of Washington Real Estate Investment Trust in a report on Monday, November 20th. TheStreet cut shares of Washington Real Estate Investment Trust from a b rating to a c+ rating in a report on Friday, November 3rd. Robert W. Baird reiterated an outperform rating and issued a $34.00 price target on shares of Washington Real Estate Investment Trust in a report on Tuesday, October 31st. Finally, SunTrust Banks set a $33.00 price target on shares of Washington Real Estate Investment Trust and gave the company a hold rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $32.50.

Washington Real Estate Investment Trust (WRE) traded down $0.40 on Monday, reaching $28.59. 283,700 shares of the company traded hands, compared to its average volume of 428,642. The company has a market capitalization of $2,274.70, a price-to-earnings ratio of 95.30, a P/E/G ratio of 15.62 and a beta of 0.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.30 and a current ratio of 1.30. Washington Real Estate Investment Trust has a one year low of $28.56 and a one year high of $33.96.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.42). Washington Real Estate Investment Trust had a return on equity of 2.10% and a net margin of 7.10%. equities analysts predict that Washington Real Estate Investment Trust will post 1.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.20%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 400.00%.

Large investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas bought a new position in shares of Washington Real Estate Investment Trust during the 3rd quarter valued at approximately $206,000. Citadel Advisors LLC bought a new position in shares of Washington Real Estate Investment Trust during the 2nd quarter valued at approximately $203,000. Ameritas Investment Partners Inc. grew its stake in shares of Washington Real Estate Investment Trust by 6.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 437 shares during the period. GSA Capital Partners LLP bought a new position in shares of Washington Real Estate Investment Trust during the 2nd quarter valued at approximately $242,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Washington Real Estate Investment Trust during the 2nd quarter valued at approximately $254,000. Institutional investors own 85.53% of the company’s stock.

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About Washington Real Estate Investment Trust

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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