First Manhattan Co. continued to hold its stake in Washington Real Estate Investment Trust (NYSE:WRE) during the second quarter, Holdings Channel reports. The firm owned 4,000 shares of the real estate investment trust’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Washington Real Estate Investment Trust were worth $127,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. 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 during 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 during 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 during 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 during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Washington Real Estate Investment Trust (NYSE WRE) opened at 32.52 on Friday. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $34.02. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 24.60 and a beta of 0.96. The firm’s 50-day moving average is $32.31 and its 200-day moving average is $32.05.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 90.23%.

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WRE has been the subject of several analyst reports. 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 reaffirmed 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price 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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Institutional Ownership by Quarter for Washington Real Estate Investment Trust (NYSE:WRE)

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