Washington Real Estate Investment Trust (WRE) Rating Lowered to C+ at TheStreet

Washington Real Estate Investment Trust (NYSE:WRE) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Friday, November 3rd.

WRE has been the topic of a number of other research reports. Zacks Investment Research cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. BidaskClub raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Robert W. Baird reissued an “outperform” rating and issued a $34.00 price target on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. Finally, SunTrust Banks, Inc. set a $33.00 price target on Washington Real Estate Investment Trust and gave the company a “hold” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Washington Real Estate Investment Trust currently has a consensus rating of “Hold” and an average price target of $34.36.

Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at $32.58 on Friday. 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 twelve month low of $29.90 and a twelve month high of $33.96. The firm has a market capitalization of $2,560.00, a price-to-earnings ratio of 17.90, a PEG ratio of 17.80 and a beta of 0.95.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased 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 acquiring an additional 13,131 shares during the last quarter. GSA Capital Partners LLP increased 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 acquiring an additional 25,052 shares during the last quarter. Moors & Cabot Inc. increased 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 acquiring an additional 4,705 shares during the last quarter. Eii Capital Management Inc. bought a new position in Washington Real Estate Investment Trust in the 3rd quarter worth about $1,315,000. Finally, California Public Employees Retirement System increased its stake in Washington Real Estate Investment Trust by 2.1% in the 3rd quarter. California Public Employees Retirement System now owns 157,191 shares of the real estate investment trust’s stock worth $5,150,000 after acquiring an additional 3,196 shares during the last quarter. Institutional investors and hedge funds own 86.17% of the company’s stock.

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)

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