Washington Real Estate Investment Trust (NYSE:WRE) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $33.92.

WRE has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Washington Real Estate Investment Trust in a research note on Monday. TheStreet downgraded shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. BidaskClub raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Robert W. Baird reaffirmed 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.

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Washington Real Estate Investment Trust by 27.4% during 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 purchasing an additional 3,344 shares during the period. Bank of New York Mellon Corp raised its position in Washington Real Estate Investment Trust by 285.3% in the second quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock worth $76,591,000 after acquiring an additional 1,777,764 shares during the period. Northern Trust Corp raised its position in Washington Real Estate Investment Trust by 14.3% in the second quarter. Northern Trust Corp now owns 1,810,516 shares of the real estate investment trust’s stock worth $57,756,000 after acquiring an additional 227,133 shares during the period. Dimensional Fund Advisors LP raised its position in Washington Real Estate Investment Trust by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,065,470 shares of the real estate investment trust’s stock worth $33,989,000 after acquiring an additional 39,160 shares during the period. Finally, FMR LLC raised its position in Washington Real Estate Investment Trust by 28.3% in the second quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock worth $74,601,000 after acquiring an additional 516,000 shares during the period. Hedge funds and other institutional investors own 86.17% of the company’s stock.

Washington Real Estate Investment Trust (NYSE:WRE) traded down $0.07 during trading on Tuesday, reaching $32.58. 177,000 shares of the company’s stock traded hands, compared to its average volume of 366,549. 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 company has a market capitalization of $2,556.39, a P/E ratio of 18.00, a PEG ratio of 17.93 and a beta of 0.95. Washington Real Estate Investment Trust has a 1-year low of $29.90 and a 1-year high of $33.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 400.00%.

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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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