Stifel Nicolaus Downgrades Washington Real Estate Investment Trust (NYSE:WRE) to Sell

Stifel Nicolaus downgraded shares of Washington Real Estate Investment Trust (NYSE:WRE) from a hold rating to a sell rating in a research note published on Tuesday, January 2nd, MarketBeat.com reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a hold rating to a sell rating in a research note on Thursday, October 26th. Robert W. Baird restated an outperform rating and set a $34.00 price objective 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. SunTrust Banks set a $33.00 price target on shares of Washington Real Estate Investment Trust and gave the company a hold rating in a research note on Friday, October 27th. Finally, Capital One Financial reissued an overweight rating on shares of Washington Real Estate Investment Trust in a report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $34.25.

Shares of Washington Real Estate Investment Trust (WRE) opened at $28.86 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.30 and a quick ratio of 1.30. Washington Real Estate Investment Trust has a 52-week low of $28.73 and a 52-week high of $33.96. The company has a market cap of $2,271.56, a price-to-earnings ratio of 15.99, a P/E/G ratio of 15.61 and a beta of 0.94.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 400.00%.

Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Washington Real Estate Investment Trust by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock worth $193,000 after acquiring an additional 570 shares during the period. Citadel Advisors LLC bought a new stake in shares of Washington Real Estate Investment Trust during the 2nd quarter worth approximately $203,000. Teacher Retirement System of Texas bought a new stake in shares of Washington Real Estate Investment Trust during the 3rd quarter worth approximately $206,000. GAM Holding AG lifted its holdings in shares of Washington Real Estate Investment Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 313 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Washington Real Estate Investment Trust by 6.9% during the 2nd 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. 85.37% of the stock is owned by institutional investors.

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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.

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