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

Washington Real Estate Investment Trust (NYSE:WRE) has earned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.00.

A number of analysts have commented on the company. Stifel Nicolaus downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. SunTrust Banks set a $31.00 target price on Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th.

A number of institutional investors and hedge funds have recently bought and sold shares of WRE. Teacher Retirement System of Texas purchased a new stake in shares of Washington Real Estate Investment Trust in the third quarter valued at $206,000. Russell Investments Group Ltd. lifted its position in shares of Washington Real Estate Investment Trust by 8.6% in the third quarter. Russell Investments Group Ltd. now owns 57,541 shares of the real estate investment trust’s stock valued at $1,886,000 after acquiring an additional 4,560 shares in the last quarter. Commonwealth Equity Services Inc lifted its position in shares of Washington Real Estate Investment Trust by 29.5% in the third quarter. Commonwealth Equity Services Inc now owns 12,091 shares of the real estate investment trust’s stock valued at $396,000 after acquiring an additional 2,753 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Washington Real Estate Investment Trust by 174.8% in the third quarter. SG Americas Securities LLC now owns 24,996 shares of the real estate investment trust’s stock valued at $819,000 after acquiring an additional 15,901 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Washington Real Estate Investment Trust by 10.4% in the third quarter. Ameriprise Financial Inc. now owns 193,856 shares of the real estate investment trust’s stock valued at $6,351,000 after acquiring an additional 18,302 shares in the last quarter. Institutional investors own 84.07% of the company’s stock.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at $26.19 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $2,055.86, a price-to-earnings ratio of 100.73, a price-to-earnings-growth ratio of 14.05 and a beta of 0.86. Washington Real Estate Investment Trust has a 12-month low of $24.92 and a 12-month high of $33.96.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.41). The firm had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $81.94 million. Washington Real Estate Investment Trust had a return on equity of 1.80% and a net margin of 6.04%. equities analysts predict that Washington Real Estate Investment Trust will post 1.86 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 4.58%. Washington Real Estate Investment Trust’s payout ratio is 461.56%.

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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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