State of Tennessee Treasury Department Has $1.48 Million Stock Position in Washington Real Estate Investment Trust (NYSE:WRE)

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State of Tennessee Treasury Department boosted its holdings in Washington Real Estate Investment Trust (NYSE:WREGet Rating) by 18.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,947 shares of the real estate investment trust’s stock after buying an additional 9,135 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.07% of Washington Real Estate Investment Trust worth $1,478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Washington Real Estate Investment Trust by 3.6% in the fourth quarter. State Street Corp now owns 4,630,567 shares of the real estate investment trust’s stock worth $120,484,000 after acquiring an additional 161,638 shares during the last quarter. Schroder Investment Management Group lifted its stake in 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 purchasing an additional 204,186 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 34,198 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 151,838 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Washington Real Estate Investment Trust by 4.2% in the 4th quarter. Bank of America Corp DE now owns 373,751 shares of the real estate investment trust’s stock valued at $9,661,000 after purchasing an additional 14,984 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Washington Real Estate Investment Trust Trading Down 0.6 %

Shares of NYSE WRE opened at $19.71 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.59 and a current ratio of 1.59. Washington Real Estate Investment Trust has a 52-week low of $19.50 and a 52-week high of $26.79. The firm has a 50 day moving average price of $21.15 and a two-hundred day moving average price of $23.08. The stock has a market cap of $1.72 billion, a P/E ratio of 197.10 and a beta of 0.85.

Washington Real Estate Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders 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 dividend yield of 3.45%. The ex-dividend date of this dividend is Tuesday, September 20th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 680.00%.

Wall Street Analysts Forecast Growth

WRE has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of 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. JPMorgan Chase & Co. dropped their price objective on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a research note on Tuesday, June 14th. 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. Finally, StockNews.com cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.25.

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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