Washington Real Estate Investment Trust (NYSE:WRE) has been assigned a $33.00 target price by stock analysts at SunTrust Banks, Inc. in a report issued on Friday. The firm presently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 1.13% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Thursday, October 5th. BidaskClub upgraded Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.36.

Washington Real Estate Investment Trust (NYSE WRE) traded up 1.08% during trading on Friday, hitting $32.63. The stock had a trading volume of 505,658 shares. The stock has a market capitalization of $2.51 billion, a PE ratio of 24.68 and a beta of 0.97. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96. The stock’s 50-day moving average is $32.94 and its 200-day moving average is $32.48.

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Several hedge funds and other institutional investors have recently modified their holdings of WRE. Independent Advisor Alliance purchased a new stake in shares of Washington Real Estate Investment Trust during the 4th quarter worth $104,000. BlackRock Japan Co. Ltd lifted its stake in shares of Washington Real Estate Investment Trust by 0.9% during the 1st quarter. BlackRock Japan Co. Ltd now owns 3,608 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 33 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of Washington Real Estate Investment Trust during the 2nd quarter worth $106,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Washington Real Estate Investment Trust by 8.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,629 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 280 shares during the last quarter. Finally, Madden Advisory Services Inc. purchased a new stake in shares of Washington Real Estate Investment Trust during the 1st quarter worth $131,000. Hedge funds and other institutional investors own 84.84% 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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