Washington Real Estate Investment Trust’s (WRE) “Sell” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their sell rating on shares of Washington Real Estate Investment Trust (NYSE:WRE) in a research note issued to investors on Monday morning. They currently have a $26.00 price target on the real estate investment trust’s stock.

WRE has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a sell rating to a hold rating in a research report on Saturday. SunTrust Banks set a $33.00 price objective on shares of Washington Real Estate Investment Trust and gave the company a hold rating in a research report on Friday, October 27th. Robert W. Baird reaffirmed an outperform rating and issued a $34.00 target price on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. TheStreet lowered shares of Washington Real Estate Investment Trust from a b rating to a c+ rating in a research note on Friday, November 3rd. Finally, Capital One Financial reaffirmed an overweight rating on shares of Washington Real Estate Investment Trust in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Washington Real Estate Investment Trust currently has a consensus rating of Hold and a consensus target price of $32.50.

Washington Real Estate Investment Trust (NYSE:WRE) traded down $0.09 on Monday, hitting $28.86. 265,900 shares of the company were exchanged, compared to its average volume of 472,222. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.30 and a current ratio of 1.30. Washington Real Estate Investment Trust has a 1-year low of $28.73 and a 1-year high of $33.96. The company has a market cap of $2,264.50, a PE ratio of 96.20, a P/E/G ratio of 15.56 and a beta of 0.94.

Washington Real Estate Investment Trust (NYSE:WRE) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate 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 predict that Washington Real Estate Investment Trust will post 1.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, December 19th. Washington Real Estate Investment Trust’s payout ratio is presently 400.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AXA boosted its stake in Washington Real Estate Investment Trust by 62.8% in the 3rd quarter. AXA now owns 414,068 shares of the real estate investment trust’s stock worth $13,565,000 after purchasing an additional 159,804 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Washington Real Estate Investment Trust by 14.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 101,761 shares of the real estate investment trust’s stock worth $3,334,000 after purchasing an additional 13,131 shares during the period. GSA Capital Partners LLP boosted its stake in Washington Real Estate Investment Trust by 330.1% in the 3rd quarter. GSA Capital Partners LLP now owns 32,642 shares of the real estate investment trust’s stock worth $1,069,000 after purchasing an additional 25,052 shares during the period. Moors & Cabot Inc. boosted its stake in Washington Real Estate Investment Trust by 7.0% in the 3rd quarter. Moors & Cabot Inc. now owns 72,351 shares of the real estate investment trust’s stock worth $2,378,000 after purchasing an additional 4,705 shares during the period. Finally, Eii Capital Management Inc. acquired a new position in Washington Real Estate Investment Trust in the 3rd quarter worth $1,315,000. 85.53% of the stock is owned by hedge funds and other 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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