Schwab Charles Investment Management Inc. grew its holdings in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 888,671 shares of the real estate investment trust’s stock after purchasing an additional 67,181 shares during the period. Schwab Charles Investment Management Inc. owned approximately 1.13% of Washington Real Estate Investment Trust worth $29,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Washington Real Estate Investment Trust by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock worth $193,000 after acquiring an additional 570 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Washington Real Estate Investment Trust during the 2nd quarter worth approximately $203,000. Teacher Retirement System of Texas purchased a new stake in shares of Washington Real Estate Investment Trust during the 3rd quarter worth approximately $206,000. GAM Holding AG boosted its stake in shares of Washington Real Estate Investment Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 313 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 6.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 437 shares in the last quarter. Institutional investors own 85.55% of the company’s stock.

Washington Real Estate Investment Trust (WRE) traded down $0.11 during mid-day trading on Tuesday, reaching $31.70. The company had a trading volume of 360,500 shares, compared to its average volume of 366,382. Washington Real Estate Investment Trust has a 12-month low of $29.90 and a 12-month high of $33.96. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05. The stock has a market cap of $2,495.97, a price-to-earnings ratio of 17.58, a P/E/G ratio of 17.51 and a beta of 0.94.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Tuesday, December 19th. Washington Real Estate Investment Trust’s payout ratio is currently 400.00%.

Several brokerages have recently commented on WRE. SunTrust Banks set a $33.00 price target on Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research note on Friday, October 27th. TheStreet lowered Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. Capital One Financial reaffirmed an “overweight” rating on shares of Washington Real Estate Investment Trust in a research note on Monday, November 20th. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $34.75.

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Washington Real Estate Investment Trust 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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