Washington Real Estate Investment Trust (NYSE:WRE)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $33.00 price target on the real estate investment trust’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 2.29% from the stock’s previous close.

Other research analysts have also issued research reports about the company. BidaskClub upgraded Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $33.92.

Washington Real Estate Investment Trust (WRE) traded up 0.62% during midday trading on Thursday, reaching $32.46. 42,709 shares of the company were exchanged. The firm’s 50 day moving average price is $32.86 and its 200-day moving average price is $32.14. The stock has a market capitalization of $2.50 billion, a P/E ratio of 24.55 and a beta of 0.97. Washington Real Estate Investment Trust has a 52 week low of $27.65 and a 52 week high of $33.96.

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A number of hedge funds have recently made changes to their positions in WRE. Madden Advisory Services Inc. purchased a new position in Washington Real Estate Investment Trust in the 1st quarter valued at $131,000. Chicago Partners Investment Group LLC purchased a new position in Washington Real Estate Investment Trust in the 2nd quarter valued at $163,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Washington Real Estate Investment Trust by 7.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 368 shares in the last quarter. Citadel Advisors LLC purchased a new position in Washington Real Estate Investment Trust in the 2nd quarter valued at $203,000. Finally, M&T Bank Corp lifted its holdings in Washington Real Estate Investment Trust by 0.7% in the 1st quarter. M&T Bank Corp now owns 6,512 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 84.87% of the company’s stock.

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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