TIAA CREF Investment Management LLC lowered its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,749 shares of the real estate investment trust’s stock after selling 12,756 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Washington Real Estate Investment Trust were worth $5,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Koch Industries Inc. purchased a new stake in shares of Washington Real Estate Investment Trust during the fourth quarter worth $204,000. Schroder Investment Management Group purchased a new stake in shares of Washington Real Estate Investment Trust during the third quarter worth $308,000. Wolverine Asset Management LLC purchased a new stake in shares of Washington Real Estate Investment Trust during the fourth quarter worth $355,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Washington Real Estate Investment Trust during the fourth quarter worth $526,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Washington Real Estate Investment Trust during the third quarter worth $596,000. 84.11% of the stock is currently owned by institutional investors and hedge funds.

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WRE has been the topic of a number of recent research reports. Zacks Investment Research raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Stifel Nicolaus reissued a “sell” rating and issued a $26.00 target price on shares of Washington Real Estate Investment Trust in a report on Monday, January 15th. JPMorgan Chase dropped their target price on Washington Real Estate Investment Trust from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, April 10th. Finally, SunTrust Banks reissued a “hold” rating and issued a $28.00 target price on shares of Washington Real Estate Investment Trust in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Washington Real Estate Investment Trust has an average rating of “Hold” and a consensus target price of $31.40.

NYSE:WRE opened at $27.82 on Tuesday. The firm has a market capitalization of $2,164.97, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 14.84 and a beta of 0.77. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.34 and a current ratio of 1.34. Washington Real Estate Investment Trust has a 12 month low of $24.92 and a 12 month high of $33.96.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.41). The business had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $81.94 million. Washington Real Estate Investment Trust had a net margin of 6.04% and a return on equity of 1.80%. analysts predict that Washington Real Estate Investment Trust will post 1.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.31%. The ex-dividend date was Wednesday, March 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 65.93%.

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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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