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

Knights researchers at StockNews.com took coverage of the shares Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) report issued on Tuesday. The violation constitutes “selling” the valuation on the real investment trust stock.

Separately, Wells Fargo & Company dropped their price target on Washington Real Estate Investment Trust from $21.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Washington Real Estate Investment Trust currently has an average rating of “Hold” and a consensus price target of $23.25.

Washington Real Estate Investment Trust Stock Performance

Shares of WRE opened at $17.57 on Tuesday. Washington Real Estate Investment Trust has a 12 month low of $116.14 and a 12 month high of $26.79. The stock has a 50 day moving average price of $18.81 and a 200 day moving average price of $21.39. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt to equity ratio of 0.44. The firm has a market cap of $1.54 billion, a PE ratio of 175.70 and a beta of 0.88.

Organizations ebb and flow

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Washington Real Estate Investment Trust by 9.5% in the 2nd quarter. FMR LLC now owns 10,621,423 shares of the real estate investment trust’s stock worth $226,343,000 after purchasing an additional 922,152 shares during the period. State Street Corp boosted its holdings in Washington Real Estate Investment Trust by 13.5% in the 1st quarter. State Street Corp now owns 5,257,101 shares of the real estate investment trust’s stock worth $134,931,000 after acquiring an additional 626,534 shares during the last quarter. First Pacific Advisors LP acquired a new position in Washington Real Estate Investment Trust in the first quarter worth $12,714,000. PROCESSORS INC. raised its position in Washington Real Estate Investment Trust by 3.2% during the first quarter. PROCESSORS GROUP INC. Now owns 13,973,815 shares of the heritage investment trust’s stock worth $356,332,000 after acquiring an additional 427,868 shares during the period. Finally, Highland Capital Management Fund Advisors LP purchased a new position in Washington Real Estate Investment Trust during the first quarter valued at $9,968,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

The Washington Real Estate Investment Trust

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WashREIT owns and operates the only real estate investment trust in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming perceptions into policy and policy into action. As of October 29, 2020, the company’s portfolio of 45 properties includes approximately 3.7 million feet of commercial space and 6,863 multi-family housing units.

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