Washington Real Estate Investment Trust (NYSE:WRE) has received an average recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $34.10.

A number of analysts recently weighed in on WRE shares. Robert W. Baird raised shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Tuesday, May 16th. BidaskClub lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 target price on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

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Shares of Washington Real Estate Investment Trust (WRE) traded down 0.58% on Friday, reaching $32.52. 463,316 shares of the company were exchanged. The firm has a 50 day moving average price of $32.31 and a 200-day moving average price of $32.05. Washington Real Estate Investment Trust has a 12-month low of $27.65 and a 12-month high of $34.02. The stock has a market capitalization of $2.50 billion, a PE ratio of 24.60 and a beta of 0.96.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 14th. Washington Real Estate Investment Trust’s payout ratio is 90.23%.

Institutional investors have recently modified their holdings of the company. OxFORD Asset Management LLP bought a new position in shares of Washington Real Estate Investment Trust during the second quarter worth approximately $500,000. Dimensional Fund Advisors LP raised its position in shares of Washington Real Estate Investment Trust by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,065,470 shares of the real estate investment trust’s stock worth $33,989,000 after buying an additional 39,160 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in shares of Washington Real Estate Investment Trust during the second quarter worth approximately $360,000. Citadel Advisors LLC bought a new position in shares of Washington Real Estate Investment Trust during the second quarter worth approximately $203,000. Finally, Renaissance Technologies LLC raised its position in shares of Washington Real Estate Investment Trust by 33.1% in the second quarter. Renaissance Technologies LLC now owns 1,408,500 shares of the real estate investment trust’s stock worth $44,931,000 after buying an additional 350,200 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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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