Daiwa Securities Group Inc. Acquires 483 Shares of Washington Real Estate Investment Trust (NYSE:WRE)

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Daiwa Securities Group Inc. lifted its holdings in Washington Real Estate Investment Trust (NYSE:WREGet Rating) by 2.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 25,146 shares of the real estate investment trust’s stock after buying an additional 483 shares during the period. Daiwa Securities Group Inc.’s holdings in Washington Real Estate Investment Trust were worth $641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WRE. Inspire Investing LLC bought a new stake in Washington Real Estate Investment Trust during the 1st quarter worth approximately $235,000. SG Americas Securities LLC raised its stake in Washington Real Estate Investment Trust by 230.6% during the 4th quarter. SG Americas Securities LLC now owns 63,033 shares of the real estate investment trust’s stock worth $1,629,000 after acquiring an additional 43,967 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Washington Real Estate Investment Trust by 5.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,290 shares of the real estate investment trust’s stock worth $628,000 after acquiring an additional 1,206 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Washington Real Estate Investment Trust by 2.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 70,730 shares of the real estate investment trust’s stock worth $1,828,000 after acquiring an additional 2,000 shares during the period. Finally, Vert Asset Management LLC bought a new stake in Washington Real Estate Investment Trust during the 4th quarter worth approximately $291,000. Institutional investors own 90.75% of the company’s stock.

Washington Real Estate Investment Trust Trading Up 0.6 %

Shares of WRE opened at $21.36 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.72 and a quick ratio of 4.72. Washington Real Estate Investment Trust has a 1 year low of $20.06 and a 1 year high of $26.79. The company has a 50 day simple moving average of $22.41 and a two-hundred day simple moving average of $23.78. The firm has a market cap of $1.87 billion, a P/E ratio of 178.00 and a beta of 0.87.

Washington Real Estate Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Wednesday, June 22nd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis 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 presently 566.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TheStreet cut shares of Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research note on Wednesday, July 6th. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company decreased 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. Finally, StockNews.com started coverage on shares of Washington Real Estate Investment Trust in a report on Thursday, March 31st. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Washington Real Estate Investment Trust has a consensus rating of “Hold” and a consensus target price of $24.25.

Washington Real Estate Investment Trust Company 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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