Washington Real Estate Investment Trust (WRE) Given Consensus Rating of “Hold” by Analysts

Washington Real Estate Investment Trust (NYSE:WRE) has been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $33.92.

Several equities research analysts have issued reports on WRE shares. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. BidaskClub raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. SunTrust Banks, Inc. set a $33.00 price target on Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research note on Friday, October 27th. 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 note on Tuesday, October 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a research note on Thursday, September 21st.

Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at $32.39 on Tuesday. 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 52 week low of $29.90 and a 52 week high of $33.96. The stock has a market capitalization of $2,550.00, a PE ratio of 17.98, a price-to-earnings-growth ratio of 17.88 and a beta of 0.95.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 400.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC bought a new stake in shares of Washington Real Estate Investment Trust in the 2nd quarter valued at about $163,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Washington Real Estate Investment Trust by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 570 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Washington Real Estate Investment Trust in the 2nd quarter valued at about $203,000. Teacher Retirement System of Texas bought a new stake in shares of Washington Real Estate Investment Trust in the 3rd quarter valued at about $206,000. Finally, GAM Holding AG lifted its stake in shares of Washington Real Estate Investment Trust by 5.0% in the 2nd quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 313 shares during the last quarter. 86.17% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Washington Real Estate Investment Trust (NYSE:WRE)

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