Washington Real Estate Investment Trust (WRE) Receives $34.10 Average Target Price from Analysts

Washington Real Estate Investment Trust (NYSE:WRE) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.92.

WRE has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, October 7th. BidaskClub raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price objective on shares of Washington Real Estate Investment Trust in a report on Thursday, September 21st. Finally, SunTrust Banks, Inc. set a $33.00 price objective on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a report on Friday.

Shares of Washington Real Estate Investment Trust (WRE) traded down 1.62% on Friday, hitting $32.10. 174,968 shares of the stock were exchanged. The company has a market cap of $2.47 billion, a PE ratio of 24.28 and a beta of 0.97. The company has a 50-day moving average price of $32.91 and a 200 day moving average price of $32.48. Washington Real Estate Investment Trust has a 12 month low of $27.65 and a 12 month high of $33.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 400.00%.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Washington Real Estate Investment Trust by 0.8% in the second quarter. Vanguard Group Inc. now owns 11,945,059 shares of the real estate investment trust’s stock worth $381,047,000 after purchasing an additional 97,373 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Washington Real Estate Investment Trust by 4.0% during 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 in the last quarter. State Street Corp increased its holdings in shares of Washington Real Estate Investment Trust by 5.3% during 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Washington Real Estate Investment Trust by 285.3% during the second 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. Finally, FMR LLC increased its holdings in shares of Washington Real Estate Investment Trust by 28.3% during 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 in the last quarter. 85.03% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Washington Real Estate Investment Trust (WRE) Receives $34.10 Average Target Price from Analysts” was originally published by Week Herald and is the property of of Week Herald. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://weekherald.com/2017/11/15/washington-real-estate-investment-trust-wre-receives-34-10-average-target-price-from-analysts.html.

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)

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