The stock of Washington Real Estate Investment Trust (NYSE:WRE) is a huge mover today! The stock decreased 2.60% or $0.78 on October 5, hitting $29.21. Washington Real Estate Investment Trust (NYSE:WRE) has risen 9.97% since March 2, 2016 and is uptrending. It has outperformed by 1.71% the S&P500.
The move comes after 6 months negative chart setup for the $2.16B company. It was reported on Oct, 6 by Barchart.com. We have $26.87 PT which if reached, will make NYSE:WRE worth $172.80 million less.
Analysts await Washington Real Estate Investment Trust (NYSE:WRE) to report earnings on October, 27 after the close. They expect $0.44 EPS, down 2.22% or $0.01 from last year’s $0.45 per share. WRE’s profit will be $32.54M for 16.60 P/E if the $0.44 EPS becomes a reality. After $0.46 actual EPS reported by Washington Real Estate Investment Trust for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.
Washington Real Estate Investment Trust (NYSE:WRE) Ratings Coverage
Out of 3 analysts covering Washington REIT (NYSE:WRE), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Washington REIT has been the topic of 3 analyst reports since December 3, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, December 3 by CapitalOne. The firm earned “Neutral” rating on Monday, May 16 by JP Morgan. The company was downgraded on Wednesday, August 17 by Robert W. Baird.
According to Zacks Investment Research, “WASHINGTON R.E. INV. TRUST is a self-administered qualified equity real estate investment trust. The Trust’s business consists of the ownership of income-producing real estate properties principally in the Greater Washington-Baltimore Region. The Trust has a fundamental strategy of regional focus, diversified property type ownership and conservative financial management.”
Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.27, from 1.21 in 2016Q1. The ratio is positive, as 12 funds sold all Washington Real Estate Investment Trust shares owned while 51 reduced positions. 17 funds bought stakes while 76 increased positions. They now own 61.04 million shares or 5.87% more from 57.66 million shares in 2016Q1.
Hsbc Holding Public Limited last reported 0% of its portfolio in the stock. Grace And White Ny has 64,810 shares for 0.46% of their US portfolio. Credit Suisse Ag last reported 0.03% of its portfolio in the stock. California Public Employees Retirement Systems has 187,395 shares for 0.01% of their US portfolio. Group One Trading Limited Partnership, a Illinois-based fund reported 304 shares. New York State Common Retirement Fund, a New York-based fund reported 67,900 shares. Janney Montgomery Scott Lc holds 0% or 6,820 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Washington Real Estate Investment Trust (NYSE:WRE) for 3,629 shares. Daiwa Securities reported 2,600 shares or 0% of all its holdings. Moreover, Stratos Wealth Prtnrs Ltd has 0.21% invested in Washington Real Estate Investment Trust (NYSE:WRE) for 88,029 shares. Farr Miller Washington Lc Dc accumulated 64,776 shares or 0.23% of the stock. Diam Co Limited holds 0.08% or 162,340 shares in its portfolio. Teachers Advisors Inc has 0.01% invested in the company for 117,617 shares. Brown Advisory has 0.01% invested in the company for 132,972 shares. The Ontario – Canada-based Manufacturers Life Insurance Communications The has invested 0% in Washington Real Estate Investment Trust (NYSE:WRE).
More important recent Washington Real Estate Investment Trust (NYSE:WRE) news were published by: Bizjournals.com which released: “Washington REIT closes the loop on $240 million portfolio sale” on September 22, 2016, also Thestreet.com published article titled: “Stop Worrying About the Fed, and Buy This Resilient REIT Instead”, Globenewswire.com published: “Washington Real Estate Investment Trust Announces Second Quarter Financial and …” on July 27, 2016. More interesting news about Washington Real Estate Investment Trust (NYSE:WRE) was released by: Seekingalpha.com and their article: “Washington Real Estate Investment Trust: Fairly Valued REIT Tied To DC Growth” with publication date: December 23, 2015.
WRE Company Profile
Washington Real Estate Investment Trust, incorporated on May 22, 1996, is a self-administered, self-managed equity real estate investment trust (REIT). The Company’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. The Company’s three divisions include office, retail and multifamily. The Firm owns a portfolio of office buildings, multifamily buildings and retail centers.
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