Washington Real Estate Investment Trust (NYSE:WRE) Lifted 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 report released on Saturday, January 13th.

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 equities analysts also recently commented on WRE. Capital One Financial restated an overweight rating on shares of Washington Real Estate Investment Trust in a report on Monday, November 20th. Stifel Nicolaus reiterated a hold rating and set a $33.00 target price on shares of Washington Real Estate Investment Trust in a report on Thursday, September 21st. SunTrust Banks set a $33.00 target price on Washington Real Estate Investment Trust and gave the company a hold rating in a report on Friday, October 27th. TheStreet lowered Washington Real Estate Investment Trust from a b rating to a c+ rating in a research note on Friday, November 3rd. Finally, Robert W. Baird restated an outperform rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $32.00.

Shares of Washington Real Estate Investment Trust (WRE) opened at $28.89 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $2,262.93, a price-to-earnings ratio of 96.30, a price-to-earnings-growth ratio of 15.54 and a beta of 0.94. Washington Real Estate Investment Trust has a twelve month low of $28.48 and a twelve month high of $33.96.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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%. equities research analysts forecast that Washington Real Estate Investment Trust will post 1.82 EPS for the current fiscal year.

The business also recently declared 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 of this dividend was Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.15%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 400.00%.

Several large investors have recently made changes to their positions in WRE. Bowling Portfolio Management LLC lifted its position in shares of Washington Real Estate Investment Trust by 22.2% during the 4th quarter. Bowling Portfolio Management LLC now owns 37,533 shares of the real estate investment trust’s stock worth $1,168,000 after purchasing an additional 6,815 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Washington Real Estate Investment Trust by 9.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 971,482 shares of the real estate investment trust’s stock worth $30,233,000 after purchasing an additional 82,811 shares during the last quarter. AXA lifted its position in shares of Washington Real Estate Investment Trust by 62.8% during the 3rd quarter. AXA now owns 414,068 shares of the real estate investment trust’s stock worth $13,565,000 after purchasing an additional 159,804 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Washington Real Estate Investment Trust by 14.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 101,761 shares of the real estate investment trust’s stock worth $3,334,000 after purchasing an additional 13,131 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Washington Real Estate Investment Trust by 330.1% during the third quarter. GSA Capital Partners LLP now owns 32,642 shares of the real estate investment trust’s stock valued at $1,069,000 after acquiring an additional 25,052 shares during the period. 85.36% 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.

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