Washington Real Estate Investment Trust (NYSE:WRE) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.75.

A number of research firms have issued reports on WRE. Stifel Nicolaus reissued a “sell” rating and set a $25.00 price target on shares of Washington Real Estate Investment Trust in a research report on Friday, July 27th. ValuEngine raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 29th.

Several hedge funds and other institutional investors have recently modified their holdings of WRE. Wells Fargo & Company MN boosted its position in shares of Washington Real Estate Investment Trust by 16.8% in the first quarter. Wells Fargo & Company MN now owns 1,274,995 shares of the real estate investment trust’s stock worth $34,808,000 after buying an additional 183,766 shares during the period. SG Americas Securities LLC boosted its position in shares of Washington Real Estate Investment Trust by 20.6% in the first quarter. SG Americas Securities LLC now owns 13,261 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 2,264 shares during the period. Swiss National Bank boosted its position in shares of Washington Real Estate Investment Trust by 4.9% in the first quarter. Swiss National Bank now owns 137,400 shares of the real estate investment trust’s stock worth $3,751,000 after buying an additional 6,400 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Washington Real Estate Investment Trust by 10.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,070,188 shares of the real estate investment trust’s stock worth $29,217,000 after buying an additional 98,706 shares during the period. Finally, Aperio Group LLC boosted its position in shares of Washington Real Estate Investment Trust by 20.2% in the first quarter. Aperio Group LLC now owns 14,670 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 2,461 shares during the period. 85.49% of the stock is owned by institutional investors.

WRE stock traded down $0.32 during trading on Monday, reaching $30.60. 492,700 shares of the stock traded hands, compared to its average volume of 416,167. Washington Real Estate Investment Trust has a 52-week low of $24.92 and a 52-week high of $33.75. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.17. The company has a market cap of $2.43 billion, a PE ratio of 16.75 and a beta of 0.73.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.10. Washington Real Estate Investment Trust had a return on equity of 1.76% and a net margin of 5.72%. The firm had revenue of $86.61 million during the quarter, compared to the consensus estimate of $85.06 million. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. equities analysts forecast that Washington Real Estate Investment Trust will post 1.86 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Thursday, September 13th. Washington Real Estate Investment Trust’s payout ratio is 65.93%.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 48 properties consists of approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units. These 48 properties consist of 19 office properties, 16 retail centers and 13 multifamily properties.

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

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