Washington Real Estate Investment Trust (WRE) Given Consensus Rating of “Hold” by Analysts

Washington Real Estate Investment Trust (NYSE:WRE) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $31.33.

Several research analysts recently commented on WRE shares. JPMorgan Chase & Co. cut their price target on Washington Real Estate Investment Trust from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 10th. Stifel Nicolaus reiterated a “sell” rating on shares of Washington Real Estate Investment Trust in a research note on Friday, February 16th. ValuEngine cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $28.00 price target on shares of Washington Real Estate Investment Trust in a research note on Wednesday, March 7th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Koch Industries Inc. acquired a new stake in Washington Real Estate Investment Trust during the fourth quarter valued at approximately $204,000. Vident Investment Advisory LLC acquired a new stake in Washington Real Estate Investment Trust during the fourth quarter valued at approximately $214,000. Parametrica Management Ltd acquired a new stake in Washington Real Estate Investment Trust during the first quarter valued at approximately $289,000. Wolverine Asset Management LLC acquired a new stake in Washington Real Estate Investment Trust during the fourth quarter valued at approximately $355,000. Finally, SG Americas Securities LLC raised its stake in Washington Real Estate Investment Trust by 20.6% during the first quarter. SG Americas Securities LLC now owns 13,261 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 2,264 shares in the last quarter. Hedge funds and other institutional investors own 84.40% of the company’s stock.

Shares of Washington Real Estate Investment Trust traded up $0.12, hitting $29.24, during trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 510,683 shares, compared to its average volume of 405,307. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.32 and a current ratio of 1.32. Washington Real Estate Investment Trust has a fifty-two week low of $24.92 and a fifty-two week high of $33.96. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 16.07 and a beta of 0.77.

Washington Real Estate Investment Trust (NYSE:WRE) last released its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Washington Real Estate Investment Trust had a return on equity of 1.49% and a net margin of 4.91%. The business had revenue of $84.88 million during the quarter, compared to analyst estimates of $83.15 million. During the same quarter last year, the firm posted $0.44 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. equities research analysts predict that Washington Real Estate Investment Trust will post 1.86 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, June 14th. Washington Real Estate Investment Trust’s payout ratio is currently 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 49 properties consists of approximately 6.4 million square feet of commercial space and 4,268 multifamily apartment units. These 49 properties consist of 20 office properties, 16 retail centers and 13 multifamily properties.

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

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