Washington Real Estate Investment Trust (NYSE:WRE) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) in a research note issued on Wednesday. The firm set a “sell” rating on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a research note on Tuesday, June 14th. Wells Fargo & Company reduced their objective price on shares of Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, July 1st. Finally, The Street downgraded shares of Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Washington Real Estate Investment Trust has an average rating of “Hold” and a consensus price target of $24.25.

Washington Real Estate Investment Trust Price Performance

Shares of NYSE WRE opened at $16.75 on Wednesday. The firm has a market cap of $1.46 billion, a PE ratio of 167.50 and a beta of 0.89. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.44. Washington Real Estate Investment Trust has a 1-year low of $16.32 and a 1-year high of $26.79. The company has a fifty day moving average price of $19.64 and a 200 day moving average price of $21.95.

Institutional Investors Weigh In On Washington Real Estate Investment Trust

Several hedge funds have recently bought and sold shares of WRE. Trust Co. of Vermont acquired a new stake in Washington Real Estate Investment Trust in the 2nd quarter valued at about $27,000. Penserra Capital Management LLC acquired a new stake in Washington Real Estate Investment Trust in the 1st quarter valued at about $27,000. First Manhattan Co. lifted its stake in Washington Real Estate Investment Trust by 435.1% in the 1st quarter. First Manhattan Co. now owns 1,402 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,140 shares during the last quarter. KBC Group NV acquired a new stake in Washington Real Estate Investment Trust in the 1st quarter valued at about $139,000. Finally, Captrust Financial Advisors acquired a new position in Washington Real Estate Investment Trust in the 2nd quarter valued at about $151,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Washington Real Estate Investment Trust Company Profile

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WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company’s portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units.

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