SunTrust Banks Analysts Give Washington Real Estate Investment Trust (WRE) a $31.00 Price Target

Washington Real Estate Investment Trust (NYSE:WRE) received a $31.00 price objective from equities researchers at SunTrust Banks in a research note issued on Monday, January 22nd. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ target price indicates a potential upside of 19.83% from the company’s previous close. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s FY2018 earnings at $1.86 EPS.

WRE has been the subject of several other reports. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Stifel Nicolaus reiterated a “sell” rating and issued a $26.00 target price on shares of Washington Real Estate Investment Trust in a research note on Monday, January 15th. Robert W. Baird reiterated an “outperform” rating and issued a $34.00 target price on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. 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. Finally, Capital One Financial reissued an “overweight” rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. 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 presently has a consensus rating of “Hold” and a consensus price target of $32.00.

Washington Real Estate Investment Trust (NYSE:WRE) traded down $0.45 during trading on Monday, hitting $25.87. 549,509 shares of the stock traded hands, compared to its average volume of 394,511. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $2,030.00, a P/E ratio of 86.23, a P/E/G ratio of 14.08 and a beta of 0.78. Washington Real Estate Investment Trust has a 1-year low of $25.43 and a 1-year high of $33.96.

Several large investors have recently modified their holdings of WRE. Citadel Advisors LLC acquired a new stake in shares of Washington Real Estate Investment Trust in the 2nd quarter valued at $203,000. Koch Industries Inc. acquired a new position in Washington Real Estate Investment Trust during the 4th quarter worth about $204,000. Teacher Retirement System of Texas acquired a new position in Washington Real Estate Investment Trust during the 3rd quarter worth about $206,000. Ameritas Investment Partners Inc. lifted its position in 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 worth $216,000 after buying an additional 437 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Washington Real Estate Investment Trust during the 2nd quarter worth about $242,000. Institutional investors own 84.63% 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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