Washington Real Estate Investment Trust (WRE) Receives Average Rating of “Hold” from Analysts

Shares of Washington Real Estate Investment Trust (NYSE:WRE) have earned a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $33.50.

Several research firms have issued reports on WRE. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Capital One Financial reaffirmed an “overweight” rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. TheStreet lowered shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $34.00 price target on shares of Washington Real Estate Investment Trust in a research 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 stock a “hold” rating in a research report on Friday, October 27th.

Washington Real Estate Investment Trust (WRE) opened at $29.12 on Wednesday. Washington Real Estate Investment Trust has a 1-year low of $29.05 and a 1-year high of $33.96. The company has a market cap of $2,280.00, a price-to-earnings ratio of 97.07, a P/E/G ratio of 15.88 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.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 400.00%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AXA raised its position in Washington Real Estate Investment Trust by 62.8% during the third quarter. AXA now owns 414,068 shares of the real estate investment trust’s stock worth $13,565,000 after acquiring an additional 159,804 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Washington Real Estate Investment Trust by 14.8% during the third quarter. Public Employees Retirement System of Ohio now owns 101,761 shares of the real estate investment trust’s stock worth $3,334,000 after acquiring an additional 13,131 shares in the last quarter. GSA Capital Partners LLP raised its position in Washington Real Estate Investment Trust by 330.1% during the third quarter. GSA Capital Partners LLP now owns 32,642 shares of the real estate investment trust’s stock worth $1,069,000 after acquiring an additional 25,052 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Washington Real Estate Investment Trust by 7.0% in the third quarter. Moors & Cabot Inc. now owns 72,351 shares of the real estate investment trust’s stock valued at $2,378,000 after purchasing an additional 4,705 shares during the period. Finally, Eii Capital Management Inc. bought a new position in shares of Washington Real Estate Investment Trust in the third quarter valued at about $1,315,000. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

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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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