TheStreet downgraded shares of Washington Real Estate Investment Trust (NYSE:WRE) from a b rating to a c+ rating in a research report report published on Friday morning.

WRE has been the topic of several other research reports. Zacks Investment Research lowered Washington Real Estate Investment Trust from a buy rating to a hold rating in a report on Saturday, October 7th. BidaskClub upgraded Washington Real Estate Investment Trust from a sell rating to a hold rating in a report on Monday, July 24th. Stifel Nicolaus restated a hold rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Thursday, September 21st. SunTrust Banks, Inc. set a $33.00 price target on Washington Real Estate Investment Trust and gave the company a hold rating in a report on Friday, October 27th. 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 report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $34.36.

Washington Real Estate Investment Trust (NYSE:WRE) traded up $0.41 during trading hours on Friday, reaching $32.85. 162,371 shares of the company traded hands, compared to its average volume of 239,863. The company has a market capitalization of $2,545.41, a PE ratio of 17.92, a P/E/G ratio of 17.82 and a beta of 0.95. Washington Real Estate Investment Trust has a twelve month low of $27.65 and a twelve 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.

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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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.65%. The ex-dividend date is Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 400.00%.

A number of institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in Washington Real Estate Investment Trust by 8.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 57,541 shares of the real estate investment trust’s stock valued at $1,886,000 after acquiring an additional 4,560 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Washington Real Estate Investment Trust during the 3rd quarter worth $206,000. Sei Investments Co. grew its position in shares of Washington Real Estate Investment Trust by 90.8% during the 3rd quarter. Sei Investments Co. now owns 419,492 shares of the real estate investment trust’s stock worth $13,743,000 after buying an additional 199,684 shares in the last quarter. Swiss National Bank grew its position in shares of Washington Real Estate Investment Trust by 2.3% during the 3rd quarter. Swiss National Bank now owns 128,400 shares of the real estate investment trust’s stock worth $4,206,000 after buying an additional 2,900 shares in the last quarter. Finally, Resolution Capital Ltd grew its position in shares of Washington Real Estate Investment Trust by 1.3% during the 3rd quarter. Resolution Capital Ltd now owns 1,636,226 shares of the real estate investment trust’s stock worth $53,603,000 after buying an additional 20,571 shares in the last quarter. 83.60% of the stock is currently owned by institutional investors.

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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