In a report released today, William Crow from Raymond James maintained a Buy rating on Washington Real Estate Investment Trust (WRE), with a price target of $32.50. The company’s shares closed last Monday at $30.04, close to its 52-week high of $30.34.
According to TipRanks.com, Crow is a 4-star analyst with an average return of 8.8% and a 67.9% success rate. Crow covers the Financial sector, focusing on stocks such as Easterly Government Properties, Pebblebrook Hotel, and Ryman.
Currently, the analyst consensus on Washington Real Estate Investment Trust is a Moderate Buy with an average price target of $30.25.
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Based on Washington Real Estate Investment Trust’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $333 million. In comparison, last year the company had a net profit of $5.75 million.
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Washington Real Estate Investment Trust engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office, Multifamily, and Retail. The Office segment provides office space for various types of businesses and professions.
