Goldman Sachs Group Inc. raised its position in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 41.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,667 shares of the real estate investment trust’s stock after buying an additional 67,733 shares during the period. Goldman Sachs Group Inc. owned approximately 0.30% of Washington Real Estate Investment Trust worth $7,278,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in WRE. Madden Advisory Services Inc. acquired a new position in shares of Washington Real Estate Investment Trust during the first quarter worth about $131,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Washington Real Estate Investment Trust by 7.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 368 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Washington Real Estate Investment Trust by 29.5% in the first quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 1,300 shares during the last quarter. Creative Planning increased its position in shares of Washington Real Estate Investment Trust by 109.9% in the first quarter. Creative Planning now owns 6,261 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 3,278 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Washington Real Estate Investment Trust by 0.7% in the first quarter. M&T Bank Corp now owns 6,512 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 48 shares during the last quarter. 82.82% of the stock is currently owned by hedge funds and other institutional investors.
Washington Real Estate Investment Trust (NYSE:WRE) opened at 31.57 on Friday. The stock’s 50 day moving average price is $32.26 and its 200-day moving average price is $32.01. Washington Real Estate Investment Trust has a one year low of $27.65 and a one year high of $34.61. The company has a market capitalization of $2.42 billion, a P/E ratio of 18.89 and a beta of 0.95.
Washington Real Estate Investment Trust (NYSE:WRE) last announced its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Washington Real Estate Investment Trust had a return on equity of 11.93% and a net margin of 39.41%. The firm had revenue of $77.50 million for the quarter, compared to the consensus estimate of $77.54 million. Equities analysts forecast that Washington Real Estate Investment Trust will post $0.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.80%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 71.86%.
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A number of research analysts have recently issued reports on WRE shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Robert W. Baird raised Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Tuesday, May 16th. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BidaskClub downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.92.
About Washington Real Estate Investment Trust
Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. The Company’s business consists of the ownership and operation of real property in the greater Washington metro region. The Company owns a diversified portfolio of office buildings, multifamily buildings and retail centers.
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