Washington Real Estate Investment Trust (NYSE:WRE) Stake Reduced by Nisa Investment Advisors LLC

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Nisa Investment Advisors LLC reduced its stake in shares of Washington Real Estate Investment Trust (NYSE:WREGet Rating) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,221 shares of the real estate investment trust’s stock after selling 3,389 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Washington Real Estate Investment Trust were worth $1,000,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC bought a new position in Washington Real Estate Investment Trust during the 1st quarter worth $235,000. SG Americas Securities LLC grew its stake in shares of Washington Real Estate Investment Trust by 230.6% in the fourth quarter. SG Americas Securities LLC now owns 63,033 shares of the real estate investment trust’s stock worth $1,629,000 after purchasing an additional 43,967 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Washington Real Estate Investment Trust by 5.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,290 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 1,206 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Washington Real Estate Investment Trust by 2.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 70,730 shares of the real estate investment trust’s stock worth $1,828,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Vert Asset Management LLC bought a new position in shares of Washington Real Estate Investment Trust in the fourth quarter worth $291,000. 90.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, July 1st. StockNews.com assumed coverage on Washington Real Estate Investment Trust in a research note on Thursday, March 31st. They issued a “sell” rating for the company. TheStreet cut Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research note on Wednesday, July 6th. Finally, JPMorgan Chase & Co. decreased their price target on Washington Real Estate Investment Trust from $26.00 to $24.00 in a research note on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Washington Real Estate Investment Trust has a consensus rating of “Hold” and a consensus target price of $24.25.

Washington Real Estate Investment Trust Trading Up 0.6 %

Shares of Washington Real Estate Investment Trust stock opened at $21.36 on Friday. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 178.00 and a beta of 0.87. The business has a fifty day simple moving average of $22.41 and a 200-day simple moving average of $23.80. Washington Real Estate Investment Trust has a fifty-two week low of $20.06 and a fifty-two week high of $26.79.

Washington Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 22nd were issued a $0.17 dividend. The ex-dividend date was Tuesday, June 21st. This represents a $0.68 annualized dividend and a dividend yield of 3.18%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 566.67%.

About Washington Real Estate Investment Trust

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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.

See Also

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