StockNews.com Lowers Washington Real Estate Investment Trust (NYSE:WRE) to Sell

Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) was minimized by values specialists at StockNews.com from a “hold” rating to a “sell” rating in a report delivered on Tuesday.

A few different values research investigators have likewise as of late remarked on WRE. Wells Fargo and Company cut their cost focus on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equivalent weight” rating for the organization in a report on Friday, July first. JPMorgan Chase and Co. reduce their cost focus on Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June fourteenth. At last, TheStreet cut Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a report on Wednesday, July sixth. One investigator has evaluated the stock with a sell rating, two have relegated a hold rating and one has doled out a purchase rating to the organization. As per information from MarketBeat.com, the stock as of now has an agreement rating of “Hold” and a typical value focus of $24.25.

Washington Real Estate Investment Trust Price Performance

Shares of Washington Real Estate Investment Trust stock opened at $20.62 on Tuesday. The business has a 50 day simple moving average of $21.38 and a two-hundred day simple moving average of $23.24. Washington Real Estate Investment Trust has a 12 month low of $20.06 and a 12 month high of $26.79. The stock has a market capitalization of $1.80 billion, a P/E ratio of 206.20 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.59 and a quick ratio of 1.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Washington Real Estate Investment Trust during the second quarter worth $27,000. Penserra Capital Management LLC purchased a new position in shares of Washington Real Estate Investment Trust during the first quarter worth $27,000. First Manhattan Co. boosted its position in shares of Washington Real Estate Investment Trust by 435.1% during the first quarter. First Manhattan Co. now owns 1,402 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,140 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Washington Real Estate Investment Trust by 232.0% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,693 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,183 shares during the period. Finally, KBC Group NV purchased a new position in shares of Washington Real Estate Investment Trust during the first quarter worth $139,000. 90.75% of the stock is currently owned by hedge funds and other institutional investors.

Washington Real Estate Investment Trust Company Profile

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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