Hancock Holding Co. bought a new position in Washington Real Estate Investment Trust (NYSE:WRE) during the second quarter, Holdings Channel reports. The fund bought 7,195 shares of the real estate investment trust’s stock, valued at approximately $226,000.

A number of other institutional investors have also modified their holdings of WRE. BlackRock Japan Co. Ltd boosted its position in shares of Washington Real Estate Investment Trust by 0.9% in the first quarter. BlackRock Japan Co. Ltd now owns 3,608 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 33 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of Washington Real Estate Investment Trust during the second quarter worth about $106,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Washington Real Estate Investment Trust by 8.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,629 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 280 shares in the last quarter. Creative Planning boosted its position in shares of Washington Real Estate Investment Trust by 1.0% in the second quarter. Creative Planning now owns 4,189 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 40 shares in the last quarter. Finally, Societe Generale acquired a new position in shares of Washington Real Estate Investment Trust during the second quarter worth about $133,000. 84.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded up 1.56% during midday trading on Thursday, hitting $31.20. 184,384 shares of the company’s stock traded hands. The company has a 50 day moving average price of $32.44 and a 200 day moving average price of $30.56. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 22.29 and a beta of 0.81. Washington Real Estate Investment Trust has a 1-year low of $23.89 and a 1-year high of $34.61.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. Washington Real Estate Investment Trust had a net margin of 30.90% and a return on equity of 11.37%. The company had revenue of $79.41 million for the quarter, compared to the consensus estimate of $77.74 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Equities analysts anticipate that Washington Real Estate Investment Trust will post $1.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.91%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 86.33%.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th. Robert W. Baird cut shares of Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $32.00 to $35.00 in a report on Wednesday, August 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $33.75.

Washington Real Estate Investment Trust Company Profile

Washington Real Estate Investment Trust is a self-administered, self-managed equity real estate investment trust. The Company’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. The Company’s three segments include office, retail and multifamily.

5 Day Chart for NYSE:WRE

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