Washington Real Estate Investment Trust (NYSE:WRE)‘s stock had its “outperform” rating restated by research analysts at Robert W. Baird in a research note issued on Tuesday. They currently have a $34.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price target would suggest a potential upside of 5.62% from the stock’s previous close.

Several other equities analysts have also issued reports on WRE. BidaskClub lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, SunTrust Banks, Inc. set a $33.00 price target on Washington Real Estate Investment Trust and gave the company a “hold” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $34.36.

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A number of large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its stake in Washington Real Estate Investment Trust by 1.0% in the second quarter. HighTower Advisors LLC now owns 20,736 shares of the real estate investment trust’s stock valued at $662,000 after buying an additional 203 shares during the period. Neuberger Berman Group LLC lifted its stake in Washington Real Estate Investment Trust by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 208 shares during the period. GAM Holding AG lifted its stake in Washington Real Estate Investment Trust by 5.0% in the second quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 313 shares during the period. ETRADE Capital Management LLC lifted its stake in Washington Real Estate Investment Trust by 4.1% in the second quarter. ETRADE Capital Management LLC now owns 9,160 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 357 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in Washington Real Estate Investment Trust by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 437 shares during the period. 85.03% 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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