Washington Real Estate Investment Trust Price Target Update

Following the completion of the transaction, the chief executive officer now owns 596,316 shares of the company’s stock, valued at approximately $54,211,087.56. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Alexandria Real Estate Equities, Inc.

Washington Real Estate Investment Trust has lost 0.02% in the last five trading days and dropped 0.38% in the last 4 weeks. The institutional investor owned 17,705 shares of the real estate investment trust’s stock after buying an additional 2,977 shares during the period.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th.

Monmouth Real Estate Investment Corp.is up 11.84% in the last 3-month period. Analysts and investors will be paying close attention to the actual EPS number and how it compares to the estimates leading up to the announcement. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating and set a $99.00 price objective on the stock in a research report on Monday, November 9th. The Brokerage Firm has Lowered the Price Target of the company shares to $7.50 from a previous price target of $9. When weighing in all analysts on a consensus basis, the average price target sits at $29.75. The current rating of the shares is Overweight, according to the research report released by the firm.

In related news, CEO Joel S. Marcus sold 4,000 shares of the company’s stock in a transaction on Friday, December 11th. Three months ago analysts had a rating of 1 on the stock. Barclays maintains their rating on the shares of Alexandria Real Estate Equities, Inc.

“But the broader tax and spending legislation contained other measures affecting real estate that offset the cost, making the job easier, said Rep. Kevin Brady (R., Texas), an architect of the changes”. The company has a market cap of $6.61 billion and a price-to-earnings ratio of 100.31. The company received an average rating of 2.43 from 7 analysts. The 52-week high of Investors Real Estate Trust (NYSE:IRET) is $8.74 and the 52-week low is $6.469. The business earned $52.30 million during the quarter. Year-to-Date the stock performance stands at 1.5%. The rating by the firm was issued on October 20, 2015. The most bullishe analyst estimate has the stock reaching $3.25, while the most conservative is $2.5.

“The disposal of Fleet at an 83% premium to the valuation is consistent with the strategy of selling smaller properties at premium prices to fund value enhancing asset management initiatives”, Nick Montgomery, Head of UK Investment at Schroder Real Estate Investment Management, said.