Stifel Nicolaus Downgrades Washington Real Estate Investment Trust (WRE) to Sell

Washington Real Estate Investment Trust (NYSE:WRE) was downgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Marketbeat Ratings reports.

WRE has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. SunTrust Banks set a $33.00 target price on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research report on Friday, October 27th. Robert W. Baird reissued an “outperform” rating and set a $34.00 target price on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. TheStreet lowered shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Finally, Capital One Financial reissued an “overweight” rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $34.50.

Washington Real Estate Investment Trust (NYSE WRE) opened at $29.42 on Tuesday. The firm has a market cap of $2,310.00, a price-to-earnings ratio of 98.07, a price-to-earnings-growth ratio of 16.22 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a 52-week low of $29.37 and a 52-week high of $33.96.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Washington Real Estate Investment Trust by 0.8% during the second quarter. Vanguard Group Inc. now owns 11,945,059 shares of the real estate investment trust’s stock valued at $381,047,000 after buying an additional 97,373 shares during the last quarter. BlackRock Inc. increased its stake in Washington Real Estate Investment Trust by 4.0% in the second quarter. BlackRock Inc. now owns 6,931,674 shares of the real estate investment trust’s stock valued at $221,122,000 after acquiring an additional 267,142 shares during the period. State Street Corp increased its stake in Washington Real Estate Investment Trust by 5.3% in the second quarter. State Street Corp now owns 2,576,796 shares of the real estate investment trust’s stock valued at $82,200,000 after acquiring an additional 130,030 shares during the period. FMR LLC increased its stake in Washington Real Estate Investment Trust by 28.3% in the second 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 during the period. Finally, Victory Capital Management Inc. increased its stake in Washington Real Estate Investment Trust by 17.4% in the third 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 during the period. 85.37% of the stock is owned by institutional investors and hedge funds.

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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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