Washington Real Estate Investment Trust (NYSE:WRE) has earned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $34.10.

WRE has been the topic of a number of research reports. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Thursday, September 21st. 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, Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.

Washington Real Estate Investment Trust (NYSE:WRE) traded down 0.12% during trading on Friday, hitting $32.99. 211,582 shares of the stock traded hands. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96. The company’s 50 day moving average price is $32.82 and its 200-day moving average price is $32.27. The stock has a market cap of $2.54 billion, a P/E ratio of 24.95 and a beta of 0.97.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.64%. Washington Real Estate Investment Trust’s payout ratio is 90.23%.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Credit Agricole S A grew its stake in Washington Real Estate Investment Trust by 15.5% in the 1st quarter. Credit Agricole S A now owns 54,001 shares of the real estate investment trust’s stock valued at $1,690,000 after acquiring an additional 7,250 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Washington Real Estate Investment Trust by 285.3% during the 2nd 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 purchasing an additional 1,777,764 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 41.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 232,667 shares of the real estate investment trust’s stock worth $7,278,000 after purchasing an additional 67,733 shares during the last quarter. IndexIQ Advisors LLC boosted its stake in shares of Washington Real Estate Investment Trust by 14.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 92,178 shares of the real estate investment trust’s stock worth $2,940,000 after purchasing an additional 11,808 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Washington Real Estate Investment Trust by 7.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 368 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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