Washington Real Estate Investment Trust (NYSE:WRE) Shares Sold by Comerica Bank

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Comerica Bank reduced its stake in Washington Real Estate Investment Trust (NYSE:WREGet Rating) by 1.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 71,629 shares of the real estate investment trust’s stock after selling 1,275 shares during the quarter. Comerica Bank’s holdings in Washington Real Estate Investment Trust were worth $1,850,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in WRE. Widmann Financial Services Inc. acquired a new stake in Washington Real Estate Investment Trust during the 4th quarter worth approximately $25,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Washington Real Estate Investment Trust by 232.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,693 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,183 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Washington Real Estate Investment Trust by 66.9% during the 4th quarter. Van ECK Associates Corp now owns 6,590 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 2,642 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Washington Real Estate Investment Trust in the 4th quarter valued at $212,000. Finally, Inspire Investing LLC acquired a new stake in shares of Washington Real Estate Investment Trust in the 1st quarter valued at $235,000. 90.75% of the stock is currently owned by institutional investors and hedge funds.

Washington Real Estate Investment Trust Stock Up 0.6 %

Shares of NYSE:WRE opened at $21.36 on Monday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 178.00 and a beta of 0.87. The firm’s 50-day simple moving average is $22.41 and its 200-day simple moving average is $23.78. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 0.38. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on WRE. StockNews.com started coverage on shares of Washington Real Estate Investment Trust in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Wells Fargo & Company lowered their price objective on shares of Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st. TheStreet downgraded shares of Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a report 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.25.

Washington Real Estate Investment Trust Profile

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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.

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Want to see what other hedge funds are holding WRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Real Estate Investment Trust (NYSE:WREGet Rating).

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