Goldman Sachs Group Inc. boosted its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 41.1% during the first quarter, according to its most recent filing with the SEC. 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 0.30% of Washington Real Estate Investment Trust worth $7,278,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of WRE. Vanguard Group Inc. boosted its stake in Washington Real Estate Investment Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock worth $370,595,000 after buying an additional 444,191 shares during the period. BlackRock Inc. boosted its stake in Washington Real Estate Investment Trust by 6,009.6% in the first quarter. BlackRock Inc. now owns 6,664,532 shares of the real estate investment trust’s stock worth $208,468,000 after buying an additional 6,555,449 shares during the period. State Street Corp boosted its stake in Washington Real Estate Investment Trust by 1.1% in the first quarter. State Street Corp now owns 2,446,766 shares of the real estate investment trust’s stock worth $76,538,000 after buying an additional 26,209 shares during the period. Macquarie Group Ltd. boosted its stake in Washington Real Estate Investment Trust by 2.5% in the fourth quarter. Macquarie Group Ltd. now owns 2,123,671 shares of the real estate investment trust’s stock worth $69,423,000 after buying an additional 52,569 shares during the period. Finally, Resolution Capital Ltd boosted its stake in Washington Real Estate Investment Trust by 14.0% in the first quarter. Resolution Capital Ltd now owns 2,017,055 shares of the real estate investment trust’s stock worth $63,093,000 after buying an additional 247,600 shares during the period. 84.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Washington Real Estate Investment Trust (NYSE WRE) traded up 1.24% during midday trading on Wednesday, reaching $33.37. 466,512 shares of the company’s stock were exchanged. Washington Real Estate Investment Trust has a one year low of $27.65 and a one year high of $33.96. The firm has a 50 day moving average of $32.33 and a 200-day moving average of $32.05. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 25.24 and a beta of 0.96.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 90.23%.
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A number of research firms recently commented on WRE. Robert W. Baird raised shares of 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 cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” 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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