Washington Real Estate Investment Trust (WRE) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Washington Real Estate Investment Trust (NYSE:WRE) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

According to Zacks, “WASHINGTON R.E. INV. TRUST is a self-administered qualified equity real estate investment trust. The Trust’s business consists of the ownership of income-producing real estate properties principally in the Greater Washington-Baltimore Region. The Trust has a fundamental strategy of regional focus, diversified property type ownership and conservative financial management. “

WRE has been the subject of a number of other reports. BidaskClub raised shares of Washington Real Estate Investment Trust from a sell rating to a hold rating in a research report on Monday, July 24th. Stifel Nicolaus reaffirmed a hold rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $34.58.

Washington Real Estate Investment Trust (NYSE:WRE) traded up 0.18% during trading on Friday, reaching $33.20. 234,300 shares of the company traded hands. Washington Real Estate Investment Trust has a 12 month low of $27.65 and a 12 month high of $33.96. The company’s 50-day moving average is $32.83 and its 200 day moving average is $32.30. The company has a market cap of $2.55 billion, a PE ratio of 25.11 and a beta of 0.97.

TRADEMARK VIOLATION WARNING: “Washington Real Estate Investment Trust (WRE) Lowered to “Hold” at Zacks Investment Research” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/08/washington-real-estate-investment-trust-wre-lowered-to-hold-at-zacks-investment-research.html.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 90.23%.

Several institutional investors and hedge funds have recently bought and sold shares of WRE. Chicago Partners Investment Group LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the second quarter worth $163,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Washington Real Estate Investment Trust by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 570 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the second quarter worth $203,000. M&T Bank Corp lifted its holdings in shares of Washington Real Estate Investment Trust by 0.7% during the first quarter. M&T Bank Corp now owns 6,512 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 48 shares in the last quarter. Finally, GAM Holding AG lifted its holdings in shares of Washington Real Estate Investment Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 313 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

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.

According to Zacks, “WASHINGTON R.E. INV. TRUST is a self-administered qualified equity real estate investment trust. The Trust’s business consists of the ownership of income-producing real estate properties principally in the Greater Washington-Baltimore Region. The Trust has a fundamental strategy of regional focus, diversified property type ownership and conservative financial management. “

WRE has been the subject of a number of other reports. BidaskClub raised shares of Washington Real Estate Investment Trust from a sell rating to a hold rating in a research report on Monday, July 24th. Stifel Nicolaus reaffirmed a hold rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $34.58.

Washington Real Estate Investment Trust (NYSE:WRE) traded up 0.18% during trading on Friday, reaching $33.20. 234,300 shares of the company traded hands. Washington Real Estate Investment Trust has a 12 month low of $27.65 and a 12 month high of $33.96. The company’s 50-day moving average is $32.83 and its 200 day moving average is $32.30. The company has a market cap of $2.55 billion, a PE ratio of 25.11 and a beta of 0.97.

TRADEMARK VIOLATION WARNING: “Washington Real Estate Investment Trust (WRE) Lowered to “Hold” at Zacks Investment Research” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/08/washington-real-estate-investment-trust-wre-lowered-to-hold-at-zacks-investment-research.html.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 90.23%.

Several institutional investors and hedge funds have recently bought and sold shares of WRE. Chicago Partners Investment Group LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the second quarter worth $163,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Washington Real Estate Investment Trust by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 570 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the second quarter worth $203,000. M&T Bank Corp lifted its holdings in shares of Washington Real Estate Investment Trust by 0.7% during the first quarter. M&T Bank Corp now owns 6,512 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 48 shares in the last quarter. Finally, GAM Holding AG lifted its holdings in shares of Washington Real Estate Investment Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 313 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Washington Real Estate Investment Trust (NYSE:WRE)

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