Washington Real Estate Investment Trust (WRE) Given Average Rating of “Hold” by Analysts

Shares of Washington Real Estate Investment Trust (NYSE:WRE) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $30.33.

Several brokerages recently issued reports on WRE. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. TheStreet cut shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a 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 target on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $34.00 price target on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new position in Washington Real Estate Investment Trust in the third quarter worth approximately $206,000. Citadel Advisors LLC bought a new position in Washington Real Estate Investment Trust in the second quarter worth approximately $203,000. Ameritas Investment Partners Inc. raised its position in 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 period. GSA Capital Partners LLP bought a new position in Washington Real Estate Investment Trust in the second quarter worth approximately $242,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Washington Real Estate Investment Trust in the second quarter worth approximately $254,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at $28.01 on Friday. Washington Real Estate Investment Trust has a fifty-two week low of $27.60 and a fifty-two week high of $33.96. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $2,194.67, a P/E ratio of 93.37, a P/E/G ratio of 15.00 and a beta of 0.78.

ILLEGAL ACTIVITY NOTICE: “Washington Real Estate Investment Trust (WRE) Given Average Rating of “Hold” by Analysts” was reported by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/02/04/washington-real-estate-investment-trust-wre-given-average-rating-of-hold-by-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.

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.

Leave a Reply