Washington Real Estate Investment Trust (NYSE:WRE) Q4 2016 Institutional Investor Sentiment Steady

July 18, 2017 - By Hazel Jackson

 Washington Real Estate Investment Trust (NYSE:WRE)  Q4 2016 Institutional Investor Sentiment Steady

Sentiment for Washington Real Estate Investment Trust (NYSE:WRE)

Washington Real Estate Investment Trust (NYSE:WRE) institutional sentiment decreased to 0.91 in 2016 Q4. Its down -0.71, from 1.62 in 2016Q3. The ratio fall, as 82 hedge funds increased or opened new positions, while 90 reduced and sold stock positions in Washington Real Estate Investment Trust. The hedge funds in our partner’s database reported: 61.81 million shares, down from 63.01 million shares in 2016Q3. Also, the number of hedge funds holding Washington Real Estate Investment Trust in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 22 Reduced: 68 Increased: 57 New Position: 25.

Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. The company has market cap of $2.51 billion. The Company’s business consists of the ownership and operation of real property in the greater Washington metro region. It has a 19.37 P/E ratio. The Firm owns a diversified portfolio of office buildings, multifamily buildings and retail centers.

The stock increased 1.06% or $0.34 on July 17, reaching $32.3. About shares traded. Washington Real Estate Investment Trust (NYSE:WRE) has risen 15.41% since July 18, 2016 and is uptrending. It has underperformed by 1.29% the S&P500.

Analysts expect Washington Real Estate Investment Trust (NYSE:WRE) to report $0.46 EPS on July, 26.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.46 EPS. WRE’s profit would be $35.75 million giving it 17.55 P/E if the $0.46 EPS is correct. After having $0.44 EPS previously, Washington Real Estate Investment Trust’s analysts see 4.55 % EPS growth.

Resolution Capital Ltd holds 3.38% of its portfolio in Washington Real Estate Investment Trust for 1.77 million shares. Aew Capital Management L P owns 1.85 million shares or 1.44% of their US portfolio. Moreover, Thornburg Investment Management Inc has 1.17% invested in the company for 4.65 million shares. The California-based Pacific Heights Asset Management Llc has invested 0.93% in the stock. Outfitter Advisors Ltd., a Virginia-based fund reported 66,624 shares.#img1#

Washington Real Estate Investment Trust (NYSE:WRE) Ratings Coverage

Ratings analysis reveals 80% of Washington REIT’s analysts are positive. Out of 5 Wall Street analysts rating Washington REIT, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $31 while the high is $3300. The stock’s average target of $32 is -0.93% below today’s ($32.3) share price. WRE was included in 7 notes of analysts from December 3, 2015. As per Monday, January 9, the company rating was upgraded by Raymond James. As per Thursday, December 3, the company rating was upgraded by CapitalOne. The stock has “Neutral” rating by Robert W. Baird on Wednesday, August 17. As per Friday, December 16, the company rating was upgraded by JP Morgan. The rating was upgraded by Robert W. Baird on Tuesday, May 16 to “Outperform”. The stock of Washington Real Estate Investment Trust (NYSE:WRE) earned “Hold” rating by Stifel Nicolaus on Friday, July 14. The rating was maintained by JP Morgan with “Neutral” on Monday, May 16.

More recent Washington Real Estate Investment Trust (NYSE:WRE) news were published by: Gurufocus.com which released: “Washington REIT Announces Appointment of Ellen M. Goitia to Board of Trustees” on June 22, 2017. Also Globenewswire.com published the news titled: “Washington Real Estate Investment Trust Announces First Quarter Financial and …” on April 26, 2017. Seekingalpha.com‘s news article titled: “Washington Real Estate Investment Trust’s (WRE) CEO Paul McDermott on Q1 2017 …” with publication date: April 27, 2017 was also an interesting one.

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