Mitchell Sinkler & Starr PA continued to hold its stake in Washington Real Estate Investment Trust (NYSE:WRE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,585 shares of the real estate investment trust’s stock at the end of the second quarter. Mitchell Sinkler & Starr PA’s holdings in Washington Real Estate Investment Trust were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WRE. Madden Advisory Services Inc. acquired a new stake in Washington Real Estate Investment Trust during the first quarter valued at about $131,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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. raised 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 raised 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 raised its stake in 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 valued at $204,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 82.82% of the company’s stock.

Washington Real Estate Investment Trust (NYSE:WRE) traded down 1.27% during mid-day trading on Friday, reaching $31.81. The company’s stock had a trading volume of 120,222 shares. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $34.61. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 19.04 and a beta of 0.95. The firm has a 50 day moving average price of $32.26 and a 200 day moving average price of $32.01.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $77.50 million for the quarter, compared to analysts’ expectations of $77.54 million. Washington Real Estate Investment Trust had a net margin of 39.41% and a return on equity of 11.93%. Equities research analysts anticipate that Washington Real Estate Investment Trust will post $0.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.72%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 71.86%.

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Several analysts have issued reports on the company. Robert W. Baird upgraded Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Tuesday, May 16th. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus restated 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. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Washington Real Estate Investment Trust currently has an average rating of “Hold” 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.

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

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