First Midwest Bank Trust Division increased its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,522 shares of the real estate investment trust’s stock after buying an additional 1,002 shares during the period. First Midwest Bank Trust Division’s holdings in Washington Real Estate Investment Trust were worth $559,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of WRE. Madden Advisory Services Inc. bought a new stake in Washington Real Estate Investment Trust during the first quarter valued at $131,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 valued at $171,000 after buying an additional 368 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in 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 valued at $178,000 after buying an additional 1,300 shares in the last quarter. Creative Planning increased its stake in 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 valued at $196,000 after buying an additional 3,278 shares in 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 period. 84.95% of the stock is owned by hedge funds and other institutional investors.
Shares of Washington Real Estate Investment Trust (WRE) traded down 0.31% during trading on Friday, reaching $32.67. 218,648 shares of the company were exchanged. Washington Real Estate Investment Trust has a 1-year low of $27.65 and a 1-year high of $33.96. The stock has a market capitalization of $2.51 billion, a P/E ratio of 24.71 and a beta of 0.96. The firm has a 50-day moving average price of $32.37 and a 200-day moving average price of $32.07.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.66%. Washington Real Estate Investment Trust’s payout ratio is 90.23%.
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A number of equities analysts recently commented on the stock. BidaskClub raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Finally, 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 objective for the company in a research note on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Washington Real Estate Investment Trust has a consensus rating of “Buy” and a consensus price target of $33.92.
Washington Real Estate Investment Trust Company Profile
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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