New Mexico Educational Retirement Board held its position in shares of Washington Real Estate Investment Trust (NYSE:WRE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,322 shares of the real estate investment trust’s stock at the end of the second quarter. New Mexico Educational Retirement Board’s holdings in Washington Real Estate Investment Trust were worth $345,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Madden Advisory Services Inc. purchased a new position in shares of Washington Real Estate Investment Trust during the first quarter worth $131,000. Chicago Partners Investment Group LLC purchased a new position in shares of Washington Real Estate Investment Trust during the second quarter worth $163,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 worth $171,000 after buying an additional 368 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of 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 worth $178,000 after buying an additional 1,300 shares during the last quarter. Finally, Creative Planning raised its position in shares of 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 worth $196,000 after buying an additional 3,278 shares during the last quarter. 84.95% of the stock is currently owned by institutional investors.

Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at 32.68 on Friday. The company has a 50-day moving average price of $32.39 and a 200-day moving average price of $32.08. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 24.72 and a beta of 0.96.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Thursday, September 14th. Washington Real Estate Investment Trust’s payout ratio is 90.23%.

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A number of equities analysts have recently weighed in on the company. Robert W. Baird raised Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Tuesday, May 16th. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 target price on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $33.92.

About Washington Real Estate Investment Trust

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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