Recent Analysts’ Ratings Changes for Washington Real Estate Investment Trust (WRE)

Washington Real Estate Investment Trust (NYSE: WRE) has recently received a number of price target changes and ratings updates:

  • 8/3/2017 – Washington Real Estate Investment Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “WASHINGTON R.E. INV. TRUST is a self-administered qualified equity real estate investment trust. The Trust’s business consists of the ownership of income-producing real estate properties principally in the Greater Washington-Baltimore Region. The Trust has a fundamental strategy of regional focus, diversified property type ownership and conservative financial management. “
  • 8/3/2017 – Washington Real Estate Investment Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/24/2017 – Washington Real Estate Investment Trust was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/19/2017 – Washington Real Estate Investment Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “WASHINGTON R.E. INV. TRUST is a self-administered qualified equity real estate investment trust. The Trust’s business consists of the ownership of income-producing real estate properties principally in the Greater Washington-Baltimore Region. The Trust has a fundamental strategy of regional focus, diversified property type ownership and conservative financial management. “
  • 7/14/2017 – Washington Real Estate Investment Trust had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $33.00 price target on the stock.
  • 7/11/2017 – Washington Real Estate Investment Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Washington Real Estate Investment Trust (WRE) traded down 0.46% during trading on Wednesday, reaching $32.50. 67,392 shares of the company’s stock traded hands. The company has a market cap of $2.50 billion, a P/E ratio of 24.58 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 $34.24. The firm’s 50 day moving average is $32.24 and its 200 day moving average is $32.03.

The company 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 3.68%. The ex-dividend date is Thursday, September 14th. Washington Real Estate Investment Trust’s payout ratio is 90.23%.

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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