Mutual of America Capital Management LLC Has $311,000 Stock Holdings in Washington Real Estate Investment Trust (NYSE:WRE)

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Mutual of America Capital Management LLC raised its holdings in Washington Real Estate Investment Trust (NYSE:WREGet Rating) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,196 shares of the real estate investment trust’s stock after purchasing an additional 633 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Washington Real Estate Investment Trust were worth $311,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of 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 valued at $44,000 after acquiring an additional 1,183 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of 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 valued at $170,000 after acquiring an additional 2,642 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the 4th quarter valued at $212,000. Inspire Investing LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the 1st quarter valued at $235,000. Finally, Cambria Investment Management L.P. acquired a new stake in shares of Washington Real Estate Investment Trust during the 4th quarter valued at $248,000. Institutional investors and hedge funds own 90.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WRE. Wells Fargo & Company cut their price objective on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, July 1st. JPMorgan Chase & Co. cut their price objective on Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. Finally, TheStreet lowered Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, July 6th. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.25.

Washington Real Estate Investment Trust Stock Down 1.7 %

Shares of NYSE:WRE opened at $21.80 on Tuesday. The firm has a market cap of $1.91 billion, a P/E ratio of 218.00 and a beta of 0.85. The company has a quick ratio of 4.72, a current ratio of 1.59 and a debt-to-equity ratio of 0.44. Washington Real Estate Investment Trust has a 12-month low of $20.06 and a 12-month high of $26.79. The business has a fifty day simple moving average of $22.24 and a 200 day simple moving average of $23.60.

Washington Real Estate Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 21st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.12%. The ex-dividend date is Tuesday, September 20th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 680.00%.

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.

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