Washington Real Estate Investment Trust (NYSE:WRE) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

WRE has been the topic of several other research reports. Stifel Nicolaus reiterated a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Robert W. Baird upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price objective on the stock in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $33.92.

Washington Real Estate Investment Trust (NYSE WRE) traded up 0.44% on Monday, hitting $31.71. 514,306 shares of the stock were exchanged. The firm has a market cap of $2.44 billion, a PE ratio of 18.98 and a beta of 0.95. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $34.61. The stock’s 50 day moving average price is $32.26 and its 200 day moving average price is $32.01.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Washington Real Estate Investment Trust had a return on equity of 11.93% and a net margin of 39.41%. The business had revenue of $77.50 million for the quarter, compared to analyst estimates of $77.54 million. Equities research analysts forecast that Washington Real Estate Investment Trust will post $0.41 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of WRE. Russell Frank Co raised its stake in shares of Washington Real Estate Investment Trust by 13.7% in the fourth quarter. Russell Frank Co now owns 503,182 shares of the real estate investment trust’s stock valued at $13,815,000 after buying an additional 60,686 shares during the period. Nationwide Fund Advisors raised its stake in shares of Washington Real Estate Investment Trust by 1.7% in the fourth quarter. Nationwide Fund Advisors now owns 51,989 shares of the real estate investment trust’s stock valued at $1,407,000 after buying an additional 886 shares during the period. California State Teachers Retirement System raised its stake in shares of Washington Real Estate Investment Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 126,300 shares of the real estate investment trust’s stock valued at $3,418,000 after buying an additional 2,047 shares during the period. Rhumbline Advisers raised its stake in shares of Washington Real Estate Investment Trust by 3.4% in the fourth quarter. Rhumbline Advisers now owns 101,342 shares of the real estate investment trust’s stock valued at $2,742,000 after buying an additional 3,330 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Washington Real Estate Investment Trust by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 184,595 shares of the real estate investment trust’s stock valued at $4,995,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 83.07% 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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