Washington Real Estate Investment Trust (WRE) Given Sell Rating at Stifel Nicolaus

Stifel Nicolaus restated their sell rating on shares of Washington Real Estate Investment Trust (NYSE:WRE) in a report released on Friday.

WRE has been the subject of several other reports. SunTrust Banks set a $33.00 price objective on Washington Real Estate Investment Trust and gave the stock a hold rating in a research note on Friday, October 27th. TheStreet lowered Washington Real Estate Investment Trust from a b rating to a c+ rating in a research note on Friday, November 3rd. Capital One Financial reiterated an overweight rating on shares of Washington Real Estate Investment Trust in a research note on Monday, November 20th. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a sell rating to a hold rating in a research note on Saturday, January 13th. Finally, Robert W. Baird reiterated an outperform rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Washington Real Estate Investment Trust currently has a consensus rating of Hold and an average price target of $32.00.

Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at $26.60 on Friday. Washington Real Estate Investment Trust has a 52 week low of $25.43 and a 52 week high of $33.96. 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 has a market capitalization of $2,087.17, a P/E ratio of 102.31, a price-to-earnings-growth ratio of 14.27 and a beta of 0.78.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.20 annualized dividend and a yield of 4.51%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 461.56%.

A number of large investors have recently bought and sold shares of the business. Sterling Capital Management LLC grew its position in shares of Washington Real Estate Investment Trust by 51.1% in the fourth quarter. Sterling Capital Management LLC now owns 68,068 shares of the real estate investment trust’s stock valued at $2,118,000 after purchasing an additional 23,013 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter valued at approximately $1,088,000. Macquarie Group Ltd. grew its position in shares of Washington Real Estate Investment Trust by 5.4% in the fourth quarter. Macquarie Group Ltd. now owns 1,870,929 shares of the real estate investment trust’s stock valued at $61,710,000 after purchasing an additional 96,615 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter valued at approximately $214,000. Finally, Dean Capital Management purchased a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter valued at approximately $3,711,000. Institutional investors own 84.63% 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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