Washington Real Estate Investment Trust (WRE) Lifted to Hold at BidaskClub

Washington Real Estate Investment Trust (NYSE:WRE) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Monday, July 24th.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus restated a “hold” rating and issued a $33.00 price objective on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Robert W. Baird upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price objective on the stock in a report on Tuesday, May 16th. 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $33.92.

Washington Real Estate Investment Trust (NYSE:WRE) traded down 0.58% during mid-day trading on Monday, reaching $32.52. The company’s stock had a trading volume of 463,316 shares. The firm has a market cap of $2.50 billion, a PE ratio of 24.60 and a beta of 0.96. Washington Real Estate Investment Trust has a 12-month low of $27.65 and a 12-month high of $34.02. The company has a 50-day moving average price of $32.31 and a 200-day moving average price of $32.05.

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A number of hedge funds have recently modified their holdings of the company. Credit Agricole S A boosted its stake in Washington Real Estate Investment Trust by 15.5% in the first quarter. Credit Agricole S A now owns 54,001 shares of the real estate investment trust’s stock valued at $1,690,000 after buying an additional 7,250 shares during the period. Creative Planning boosted its stake in Washington Real Estate Investment Trust by 109.9% in the first quarter. Creative Planning now owns 6,261 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 3,278 shares during the period. State of Alaska Department of Revenue boosted its stake in Washington Real Estate Investment Trust by 12.7% in the first quarter. State of Alaska Department of Revenue now owns 8,890 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Washington Real Estate Investment Trust by 7.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 368 shares during the period. Finally, Great Lakes Advisors LLC purchased a new stake in Washington Real Estate Investment Trust during the first quarter valued at approximately $2,581,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.

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