Washington Real Estate Investment Trust’s (WRE) “Outperform” Rating Reiterated at Robert W. Baird

Robert W. Baird restated their outperform rating on shares of Washington Real Estate Investment Trust (NYSE:WRE) in a research report report published on Tuesday. Robert W. Baird currently has a $34.00 price objective on the real estate investment trust’s stock.

WRE has been the subject of a number of other reports. SunTrust Banks, Inc. set a $33.00 price target on shares of Washington Real Estate Investment Trust and gave the company a hold rating in a report on Friday, October 27th. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a hold rating to a buy rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a sell rating to a hold rating in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a hold rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $34.36.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.66%. Washington Real Estate Investment Trust’s payout ratio is 400.00%.

A number of hedge funds have recently made changes to their positions in WRE. FMR LLC grew its position in Washington Real Estate Investment Trust by 30.2% during the 1st quarter. FMR LLC now owns 1,822,600 shares of the real estate investment trust’s stock valued at $57,010,000 after purchasing an additional 422,859 shares during the last quarter. Teachers Advisors LLC grew its position in Washington Real Estate Investment Trust by 2.7% during the 1st quarter. Teachers Advisors LLC now owns 126,784 shares of the real estate investment trust’s stock valued at $3,966,000 after purchasing an additional 3,383 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Washington Real Estate Investment Trust by 6.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 18,815 shares of the real estate investment trust’s stock valued at $589,000 after purchasing an additional 1,200 shares during the last quarter. Geode Capital Management LLC grew its position in Washington Real Estate Investment Trust by 5.6% during the 1st quarter. Geode Capital Management LLC now owns 683,959 shares of the real estate investment trust’s stock valued at $21,394,000 after purchasing an additional 36,092 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Washington Real Estate Investment Trust by 7.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,026,310 shares of the real estate investment trust’s stock valued at $32,103,000 after acquiring an additional 68,401 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors.

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.

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

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