Axa trimmed its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 52.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,264 shares of the real estate investment trust’s stock after selling 278,490 shares during the period. Axa owned about 0.33% of Washington Real Estate Investment Trust worth $8,111,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Madden Advisory Services Inc. bought a new stake in Washington Real Estate Investment Trust in the first quarter valued at $131,000. Chicago Partners Investment Group LLC bought a new stake in Washington Real Estate Investment Trust in the second quarter valued at $163,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 acquiring an additional 368 shares during the period. Daiwa Securities Group Inc. grew its position 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 acquiring an additional 1,300 shares during the period. Finally, M&T Bank Corp grew its position 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 acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Shares of Washington Real Estate Investment Trust (WRE) opened at 32.53 on Thursday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 24.61 and a beta of 0.97. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96. The firm has a 50 day moving average price of $32.86 and a 200-day moving average price of $32.14.

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 paid a $0.30 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.66%. Washington Real Estate Investment Trust’s payout ratio is presently 90.23%.

ILLEGAL ACTIVITY WARNING: This article was posted by Daily Political and is owned by of Daily Political. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/09/14/axa-has-8-11-million-holdings-in-washington-real-estate-investment-trust-wre.html.

A number of analysts have weighed in on WRE shares. BidaskClub upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently 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.

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

Receive News & Ratings for Washington Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.