Washington Real Estate Investment Trust (WRE) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust (NYSE:WRE) from a sell rating to a hold rating in a research note published on Saturday morning.

According to Zacks, “WASHINGTON R.E. INV. TRUST is a self-administered qualified equity real estate investment trust. The Trust’s business consists of the ownership of income-producing real estate properties principally in the Greater Washington-Baltimore Region. The Trust has a fundamental strategy of regional focus, diversified property type ownership and conservative financial management. “

Several other brokerages have also recently issued reports on WRE. Stifel Nicolaus cut Washington Real Estate Investment Trust from a hold rating to a sell rating in a research note on Tuesday, January 2nd. Robert W. Baird reiterated an outperform rating and issued a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. Capital One Financial restated an overweight rating on shares of Washington Real Estate Investment Trust in a research note on Monday, November 20th. TheStreet cut Washington Real Estate Investment Trust from a b rating to a c+ rating in a research note on Friday, November 3rd. Finally, SunTrust Banks set a $33.00 price target on Washington Real Estate Investment Trust and gave the company a hold rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Washington Real Estate Investment Trust presently has a consensus rating of Hold and a consensus target price of $32.50.

Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at $28.86 on Friday. The stock has a market capitalization of $2,260.00, a price-to-earnings ratio of 96.20, a PEG ratio of 15.56 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a 52 week low of $28.73 and a 52 week high of $33.96.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio is presently 400.00%.

A number of institutional investors have recently bought and sold shares of WRE. Schwab Charles Investment Management Inc. raised its stake in Washington Real Estate Investment Trust by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 821,490 shares of the real estate investment trust’s stock valued at $26,206,000 after buying an additional 80,151 shares in the last quarter. Prudential Financial Inc. raised its stake in Washington Real Estate Investment Trust by 7.3% in the second quarter. Prudential Financial Inc. now owns 9,023 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 610 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Washington Real Estate Investment Trust by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 208 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Washington Real Estate Investment Trust by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 570 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Washington Real Estate Investment Trust by 27.4% in the second quarter. Principal Financial Group Inc. now owns 15,564 shares of the real estate investment trust’s stock valued at $496,000 after buying an additional 3,344 shares in the last quarter. 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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