Strs Ohio Sells 1,653 Shares of Washington Real Estate Investment Trust (NYSE:WRE)


Strs Ohio decreased its holdings in Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) by 1.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 111,930 shares of the real estate investment trust’s stock after selling 1,653 shares during the period. Strs Ohio’s holdings in Washington Real Estate Investment Trust were worth $2,854,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Maryland State Retirement & Pension System grew its position in Washington Real Estate Investment Trust by 1.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 33,741 shares of the real estate investment trust’s stock valued at $872,000 after acquiring an additional 450 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of Washington Real Estate Investment Trust by 1.1% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 60,240 shares of the real estate investment trust’s stock worth $1,557,000 after buying an additional 650 shares during the period. Equity Investment Corp lifted its holdings in shares of Washington Real Estate Investment Trust by 3.6% in the 4th quarter. Equity Investment Corp now owns 24,113 shares of the real estate investment trust’s stock worth $623,000 after buying an additional 848 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of Washington Real Estate Investment Trust by 0.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 109,200 shares of the real estate investment trust’s stock worth $2,823,000 after buying an additional 864 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Washington Real Estate Investment Trust by 6.4% in the 4th quarter. M&T Bank Corp now owns 16,476 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 993 shares during the period. 90.75% of the stock is currently owned by institutional investors.

Shares of NYSE WRE opened at $20.43 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.72 and a quick ratio of 4.72. The stock has a market capitalization of $1.79 billion, a P/E ratio of 170.25 and a beta of 0.87. Washington Real Estate Investment Trust has a 1-year low of $20.37 and a 1-year high of $26.79. The business has a fifty day moving average price of $22.87 and a 200 day moving average price of $24.15.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Wednesday, June 22nd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Tuesday, June 21st. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 566.67%.

Several equities research analysts have weighed in on the company. StockNews.com assumed coverage on Washington Real Estate Investment Trust in a report on Thursday, March 31st. They issued a “sell” rating for the company. JPMorgan Chase & Co. lowered their target price on Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. TheStreet cut Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a report on Wednesday. Finally, Wells Fargo & Company lowered their target price on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $24.25.

Washington Real Estate Investment Trust Company Profile (Get Rating)

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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Want to see what other hedge funds are holding WRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Real Estate Investment Trust (NYSE:WRE – Get Rating).

Institutional Ownership by Quarter for Washington Real Estate Investment Trust (NYSE:WRE)



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