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Washington Real Estate Investment Trust (NYSE:WRE)‘s stock had its “underweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. They currently have a $26.00 target price on the stock, up from their previous target price of $23.00. JPMorgan Chase & Co.’s target price suggests a potential downside of 0.99% from the stock’s previous close.

A number of other analysts have also recently weighed in on WRE. Analysts at Robert W. Baird upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $27.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, analysts at MLV & Co
initiated coverage on shares of Washington Real Estate Investment Trust in a research note on Tuesday, March 25th. They set a “buy” rating and a $29.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $26.90.

Washington Real Estate Investment Trust (NYSE:WRE) traded down 0.84% on Wednesday, hitting $26.0401. 117,502 shares of the company’s stock traded hands. Washington Real Estate Investment Trust has a 1-year low of $22.30 and a 1-year high of $28.76. The stock’s 50-day moving average is $25.00 and its 200-day moving average is $23.97. The company has a market cap of $1.735 billion and a price-to-earnings ratio of 13.10.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.03. The company had revenue of $68.61 million for the quarter, compared to the consensus estimate of $67.67 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts predict that Washington Real Estate Investment Trust will post $1.52 earnings per share for the current fiscal year.

Washington Real Estate Investment Trust (NYSE:WRE) is a self-administered, self-managed, real estate investment trust (REIT).

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