Washington Real Estate Investment Trust (NYSE:WRE)‘s stock had its “outperform” rating restated by investment analysts at Robert W. Baird in a report released on Tuesday. They presently have a $34.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price target would suggest a potential upside of 5.75% from the company’s current price.

WRE has been the subject of several other research reports. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. SunTrust Banks, Inc. set a $33.00 target price on Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research note on Friday. Finally, Stifel Nicolaus restated a “hold” rating and issued a $33.00 target price on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $34.36.

Washington Real Estate Investment Trust (WRE) traded down 0.65% on Tuesday, reaching $31.94. The company had a trading volume of 16,572 shares. The stock has a market capitalization of $2.46 billion, a P/E ratio of 24.16 and a beta of 0.97. The stock’s 50-day moving average price is $32.90 and its 200-day moving average price is $32.48. Washington Real Estate Investment Trust has a 12-month low of $27.65 and a 12-month high of $33.96.

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Several large investors have recently added to or reduced their stakes in WRE. BlackRock Inc. raised its holdings in shares of Washington Real Estate Investment Trust by 6,009.6% in the 1st quarter. BlackRock Inc. now owns 6,664,532 shares of the real estate investment trust’s stock valued at $208,468,000 after acquiring an additional 6,555,449 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Washington Real Estate Investment Trust by 285.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock valued at $76,591,000 after acquiring an additional 1,777,764 shares in the last quarter. FMR LLC raised its holdings in shares of Washington Real Estate Investment Trust by 28.3% in the 2nd quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock valued at $74,601,000 after acquiring an additional 516,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Washington Real Estate Investment Trust by 33.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,408,500 shares of the real estate investment trust’s stock valued at $44,931,000 after acquiring an additional 350,200 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Washington Real Estate Investment Trust by 17.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,124,267 shares of the real estate investment trust’s stock valued at $69,591,000 after acquiring an additional 314,925 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Washington Real Estate Investment Trust Company Profile

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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