Washington Real Estate Investment Trust (NYSE:WRE) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $34.10.

A number of research analysts have issued reports on the company. Robert W. Baird raised Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Tuesday, May 16th. Zacks Investment Research cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Finally, BidaskClub cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th.

Several institutional investors have recently added to or reduced their stakes in WRE. Teachers Advisors LLC raised its holdings in shares of Washington Real Estate Investment Trust by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 123,401 shares of the real estate investment trust’s stock valued at $4,034,000 after buying an additional 4,861 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Washington Real Estate Investment Trust by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 6,820 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 100 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Washington Real Estate Investment Trust by 45.5% in the first quarter. Wells Fargo & Company MN now owns 743,491 shares of the real estate investment trust’s stock valued at $23,257,000 after buying an additional 232,620 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Washington Real Estate Investment Trust by 1.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,621 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 120 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Washington Real Estate Investment Trust by 10.2% in the first quarter. American Century Companies Inc. now owns 83,257 shares of the real estate investment trust’s stock valued at $2,604,000 after buying an additional 7,717 shares during the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

Washington Real Estate Investment Trust (NYSE:WRE) remained flat at $32.80 during mid-day trading on Wednesday. The stock had a trading volume of 206,300 shares. The stock’s 50-day moving average is $32.78 and its 200 day moving average is $32.16. The firm has a market capitalization of $2.52 billion, a P/E ratio of 24.81 and a beta of 0.97. Washington Real Estate Investment Trust has a 12 month low of $27.65 and a 12 month high of $33.96.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.66%. Washington Real Estate Investment Trust’s dividend payout ratio is 90.23%.

ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/09/washington-real-estate-investment-trust-wre-receives-average-recommendation-of-buy-from-analysts.html.

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)

Receive News & Ratings for Washington Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.