Resolution Capital Ltd lifted its holdings in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,049,488 shares of the real estate investment trust’s stock after buying an additional 96,100 shares during the period. Washington Real Estate Investment Trust makes up 1.3% of Resolution Capital Ltd’s portfolio, making the stock its 23rd biggest position. Resolution Capital Ltd owned about 1.33% of Washington Real Estate Investment Trust worth $28,651,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WRE. Koch Industries Inc. purchased a new stake in shares of Washington Real Estate Investment Trust during the fourth quarter valued at $204,000. Vident Investment Advisory LLC purchased a new stake in shares of Washington Real Estate Investment Trust during the fourth quarter valued at $214,000. Parametrica Management Ltd purchased a new stake in shares of Washington Real Estate Investment Trust during the first quarter valued at $289,000. Wolverine Asset Management LLC purchased a new stake in shares of Washington Real Estate Investment Trust during the fourth quarter valued at $355,000. Finally, SG Americas Securities LLC boosted its position in shares of Washington Real Estate Investment Trust by 20.6% during the first quarter. SG Americas Securities LLC now owns 13,261 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 2,264 shares during the last quarter. 84.07% of the stock is currently owned by institutional investors.

Shares of Washington Real Estate Investment Trust opened at $29.19 on Thursday, MarketBeat reports. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 16.04 and a beta of 0.77. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.32 and a current ratio of 1.32. Washington Real Estate Investment Trust has a 52-week low of $24.92 and a 52-week high of $33.96.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $84.88 million during the quarter, compared to analysts’ expectations of $83.15 million. Washington Real Estate Investment Trust had a return on equity of 1.49% and a net margin of 4.91%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. equities analysts anticipate that Washington Real Estate Investment Trust will post 1.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Thursday, June 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 65.93%.

Several equities research analysts recently commented on the company. ValuEngine cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. JPMorgan Chase & Co. dropped their price objective on Washington Real Estate Investment Trust from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 10th. SunTrust Banks reaffirmed a “hold” rating and set a $28.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Wednesday, March 7th. Finally, Stifel Nicolaus reaffirmed a “sell” rating on shares of Washington Real Estate Investment Trust in a research report on Friday, February 16th. Two investment analysts have 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. The stock presently has an average rating of “Hold” and a consensus target price of $31.40.

Washington Real Estate Investment Trust Profile

Washington REIT is a self-administered, equity real estate investment trust investing in income-producing properties in the greater Washington metro region. Washington REIT owns a diversified portfolio of 49 properties, totaling approximately 6.4 million square feet of commercial space and 4,268 multifamily units, and land held for development.

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

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