Washington Real Estate Investment Trust (NYSE:WRE) Given Average Recommendation of “Hold” by Analysts

Shares of Washington Real Estate Investment Trust (NYSE:WRE) have received an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.80.

Separately, Robert W. Baird started coverage on shares of Burlington Stores in a research report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 price target for the company.

NYSE:WRE traded down $0.39 during midday trading on Friday, hitting $27.13. The company had a trading volume of 410,563 shares, compared to its average volume of 426,198. Washington Real Estate Investment Trust has a 52-week low of $22.53 and a 52-week high of $31.85. The stock has a fifty day simple moving average of $27.40. The firm has a market cap of $2.17 billion, a P/E ratio of 14.59, a PEG ratio of 15.73 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 1.29.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. Washington Real Estate Investment Trust had a net margin of 5.35% and a return on equity of 1.68%. The business had revenue of $83.20 million during the quarter, compared to analyst estimates of $82.12 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts predict that Washington Real Estate Investment Trust will post 1.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.20 annualized dividend and a yield of 4.42%. Washington Real Estate Investment Trust’s payout ratio is 64.52%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. boosted its holdings in shares of Washington Real Estate Investment Trust by 48.9% during the fourth quarter. Advisor Group Inc. now owns 5,290 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 1,737 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Washington Real Estate Investment Trust during the fourth quarter worth about $3,576,000. Louisiana State Employees Retirement System purchased a new stake in shares of Washington Real Estate Investment Trust during the first quarter worth about $849,000. Benson Investment Management Company Inc. purchased a new stake in shares of Washington Real Estate Investment Trust during the first quarter worth about $2,377,000. Finally, Millennium Management LLC purchased a new stake in shares of Washington Real Estate Investment Trust during the fourth quarter worth about $4,276,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

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

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