Washington Real Estate Investment Trust (NYSE:WRE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

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. “

Separately, Robert W. Baird cut Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $32.00 to $35.00 in a research note on Wednesday, August 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.75.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at 30.20 on Wednesday. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 12.14 and a beta of 0.92. The company has a 50-day moving average price of $29.59 and a 200-day moving average price of $30.89. Washington Real Estate Investment Trust has a 12 month low of $23.89 and a 12 month high of $34.61.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Wednesday, December 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Monday, December 19th. Washington Real Estate Investment Trust’s payout ratio is presently 48.98%.

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA acquired a new stake in Washington Real Estate Investment Trust during the second quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Washington Real Estate Investment Trust by 8.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,629 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 280 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in Washington Real Estate Investment Trust by 1.8% in the second quarter. BlackRock Japan Co. Ltd now owns 3,672 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 64 shares during the last quarter. Creative Planning boosted its stake in Washington Real Estate Investment Trust by 1.0% in the second quarter. Creative Planning now owns 4,189 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 40 shares during the last quarter. Finally, Societe Generale acquired a new stake in Washington Real Estate Investment Trust during the second quarter valued at $133,000. Institutional investors and hedge funds own 85.06% of the company’s stock.

Washington Real Estate Investment Trust Company Profile

Washington Real Estate Investment Trust is a self-administered, self-managed equity real estate investment trust. The Company’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. The Company’s three segments include office, retail and multifamily.

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