Washington Real Estate Investment Trust (WRE) Upgraded 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 report published on Saturday.

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. “

A number of other research firms have also commented on WRE. TheStreet lowered Washington Real Estate Investment Trust from a b rating to a c+ rating in a research report on Friday, November 3rd. Capital One Financial restated an overweight rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. SunTrust Banks set a $33.00 price target on Washington Real Estate Investment Trust and gave the stock a hold rating in a research report on Friday, October 27th. Stifel Nicolaus restated a hold rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. Finally, Robert W. Baird restated an outperform rating and set a $34.00 price target on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Washington Real Estate Investment Trust currently has a consensus rating of Hold and an average target price of $32.50.

Shares of Washington Real Estate Investment Trust (WRE) opened at $28.86 on Friday. The company has a market capitalization of $2,260.00, a P/E ratio of 96.20, a P/E/G ratio of 15.56 and a beta of 0.94. Washington Real Estate Investment Trust has a 12-month low of $28.73 and a 12-month 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.

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC boosted its position in Washington Real Estate Investment Trust by 1.0% in the 2nd quarter. HighTower Advisors LLC now owns 20,736 shares of the real estate investment trust’s stock valued at $662,000 after buying an additional 203 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Washington Real Estate Investment Trust by 2.6% in the 2nd 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 during the last quarter. ETRADE Capital Management LLC boosted its position in Washington Real Estate Investment Trust by 4.1% in the 2nd quarter. ETRADE Capital Management LLC now owns 9,160 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 357 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Washington Real Estate Investment Trust by 6.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 437 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 buying an additional 570 shares during the last quarter. Hedge funds and other 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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