Washington Real Estate Investment Trust (WRE) PT Lowered to $32.00 at JPMorgan Chase

Washington Real Estate Investment Trust (NYSE:WRE) had its target price decreased by JPMorgan Chase from $34.00 to $32.00 in a report released on Tuesday morning. JPMorgan Chase currently has an overweight rating on the real estate investment trust’s stock.

WRE has been the subject of several other reports. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a sell rating to a hold rating in a report on Saturday, January 13th. Stifel Nicolaus reiterated a sell rating and set a $26.00 price target on shares of Washington Real Estate Investment Trust in a report on Monday, January 15th. Finally, SunTrust Banks reiterated a hold rating and set a $28.00 price target on shares of Washington Real Estate Investment Trust in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $31.40.

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Shares of NYSE WRE opened at $27.36 on Tuesday. Washington Real Estate Investment Trust has a one year low of $24.92 and a one year high of $33.96. The stock has a market cap of $2,180.67, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 14.95 and a beta of 0.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.34 and a quick ratio of 1.34.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.41). The business had revenue of $81.30 million for the quarter, compared to analyst estimates of $81.94 million. Washington Real Estate Investment Trust had a return on equity of 1.80% and a net margin of 6.04%. equities analysts expect that Washington Real Estate Investment Trust will post 1.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Wednesday, March 14th. Washington Real Estate Investment Trust’s payout ratio is 65.93%.

Several hedge funds have recently modified their holdings of WRE. Russell Investments Group Ltd. raised its stake in shares of Washington Real Estate Investment Trust by 8.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 57,541 shares of the real estate investment trust’s stock valued at $1,886,000 after acquiring an additional 4,560 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Washington Real Estate Investment Trust by 10.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 193,856 shares of the real estate investment trust’s stock valued at $6,351,000 after acquiring an additional 18,302 shares in the last quarter. American International Group Inc. raised its stake in shares of Washington Real Estate Investment Trust by 8.1% in the 3rd quarter. American International Group Inc. now owns 51,796 shares of the real estate investment trust’s stock valued at $1,697,000 after acquiring an additional 3,873 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Washington Real Estate Investment Trust by 14.3% in the 3rd quarter. Legal & General Group Plc now owns 250,949 shares of the real estate investment trust’s stock valued at $8,223,000 after acquiring an additional 31,440 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Washington Real Estate Investment Trust in the 3rd quarter valued at approximately $308,000. 84.12% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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