Washington Real Estate Investment Trust (NYSE:WRE) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.80.

Separately, Robert W. Baird started coverage on shares of Burlington Stores in a research report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 price target for the company.

Shares of Washington Real Estate Investment Trust stock traded down $0.39 on Friday, hitting $27.13. The stock had a trading volume of 410,500 shares, compared to its average volume of 703,640. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.29 and a current ratio of 1.29. Washington Real Estate Investment Trust has a one year low of $22.53 and a one year high of $31.85. The firm has a market cap of $2.20 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 15.95 and a beta of 0.90. The firm has a 50-day moving average of $27.37.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Washington Real Estate Investment Trust had a net margin of 5.35% and a return on equity of 1.68%. The firm had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $82.12 million. During the same quarter last year, the business earned $0.46 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts anticipate that Washington Real Estate Investment Trust will post 1.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Thursday, June 13th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 64.52%.

A number of institutional investors have recently made changes to their positions in the business. American International Group Inc. lifted its holdings in Washington Real Estate Investment Trust by 0.8% in the 4th quarter. American International Group Inc. now owns 52,697 shares of the real estate investment trust’s stock worth $1,212,000 after purchasing an additional 398 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Washington Real Estate Investment Trust by 5.6% in the 4th quarter. Prudential Financial Inc. now owns 9,654 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 511 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Washington Real Estate Investment Trust by 6.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,815 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 563 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Washington Real Estate Investment Trust by 0.9% in the 2nd quarter. Moors & Cabot Inc. now owns 72,116 shares of the real estate investment trust’s stock worth $1,923,000 after purchasing an additional 633 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Washington Real Estate Investment Trust by 6.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 13,100 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 800 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Washington Real Estate Investment Trust Company Profile

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

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Analyst Recommendations for Washington Real Estate Investment Trust (NYSE:WRE)

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