Washington Real Estate Investment Trust (WRE) Receives Sell Rating from Stifel Nicolaus

Washington Real Estate Investment Trust (NYSE:WRE)‘s stock had its “sell” rating restated by analysts at Stifel Nicolaus in a research note issued on Monday. They currently have a $26.00 target price on the real estate investment trust’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 9.91% from the stock’s previous close.

A number of other brokerages also recently commented on WRE. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. TheStreet downgraded Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Capital One Financial reiterated an “overweight” rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. SunTrust Banks set a $33.00 price objective on Washington Real Estate Investment Trust and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.50.

Shares of Washington Real Estate Investment Trust (NYSE WRE) traded down $0.09 during trading hours on Monday, hitting $28.86. The stock had a trading volume of 265,700 shares, compared to its average volume of 472,222. Washington Real Estate Investment Trust has a one year low of $28.73 and a one year high of $33.96. The firm has a market cap of $2,260.00, a P/E ratio of 96.20, a PEG ratio of 15.56 and a beta of 0.94. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.30 and a quick ratio of 1.30.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.42). Washington Real Estate Investment Trust had a net margin of 7.10% and a return on equity of 2.10%. research analysts expect that Washington Real Estate Investment Trust will post 1.82 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in WRE. HighTower Advisors LLC increased its stake in shares of Washington Real Estate Investment Trust by 1.0% in the second quarter. HighTower Advisors LLC now owns 20,736 shares of the real estate investment trust’s stock worth $662,000 after acquiring an additional 203 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Washington Real Estate Investment Trust by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock worth $263,000 after acquiring an additional 208 shares during the last quarter. ETRADE Capital Management LLC increased its stake in shares of Washington Real Estate Investment Trust by 4.1% in the second quarter. ETRADE Capital Management LLC now owns 9,160 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 357 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Washington Real Estate Investment Trust by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 437 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Washington Real Estate Investment Trust by 7.3% in the second quarter. Prudential Financial Inc. now owns 9,023 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 610 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

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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.

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