Washington Real Estate Investment Trust (NYSE:WRE) Shares Sold by DekaBank Deutsche Girozentrale

[view original post]

DekaBank Deutsche Girozentrale trimmed its stake in Washington Real Estate Investment Trust (NYSE:WREGet Rating) by 3.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 17,093 shares of the real estate investment trust’s stock after selling 567 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Washington Real Estate Investment Trust were worth $438,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp raised its stake in shares of Washington Real Estate Investment Trust by 3.6% in the 4th quarter. State Street Corp now owns 4,630,567 shares of the real estate investment trust’s stock valued at $120,484,000 after acquiring an additional 161,638 shares during the period. Schroder Investment Management Group raised its stake in shares of Washington Real Estate Investment Trust by 12.5% in the 4th quarter. Schroder Investment Management Group now owns 1,832,975 shares of the real estate investment trust’s stock valued at $47,382,000 after acquiring an additional 204,186 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Washington Real Estate Investment Trust in the 4th quarter valued at approximately $47,217,000. Charles Schwab Investment Management Inc. raised its stake in shares of Washington Real Estate Investment Trust by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,230,581 shares of the real estate investment trust’s stock valued at $31,811,000 after acquiring an additional 34,198 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Washington Real Estate Investment Trust by 42.5% in the 4th quarter. JPMorgan Chase & Co. now owns 509,089 shares of the real estate investment trust’s stock valued at $13,160,000 after acquiring an additional 151,838 shares during the period. 90.75% of the stock is owned by hedge funds and other institutional investors.

Washington Real Estate Investment Trust Trading Up 0.6 %

NYSE WRE 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. Washington Real Estate Investment Trust has a 52 week low of $20.06 and a 52 week high of $26.79. The stock has a market capitalization of $1.87 billion, a PE ratio of 178.00 and a beta of 0.87. The firm has a 50 day moving average of $22.41 and a two-hundred day moving average of $23.80.

Washington Real Estate Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 22nd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a 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 presently 566.67%.

Wall Street Analyst Weigh In

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

Washington Real Estate Investment Trust Profile

(Get Rating)

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.

Further Reading

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).

Receive News & Ratings for Washington Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Washington Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.