Tocqueville Asset Management L.P. bought a new stake in Washington Real Estate Investment Trust (NYSE:WRE) during the second quarter, HoldingsChannel.com reports. The fund bought 7,205 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Several other hedge funds have also modified their holdings of WRE. Heitman Real Estate Securities LLC purchased a new position in shares of Washington Real Estate Investment Trust in the 1st quarter valued at $19,502,000. Resolution Capital Ltd raised its stake in shares of Washington Real Estate Investment Trust by 57.7% in the 2nd quarter. Resolution Capital Ltd now owns 1,654,558 shares of the real estate investment trust’s stock valued at $50,183,000 after acquiring an additional 605,070 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Washington Real Estate Investment Trust by 1,321.4% in the 1st quarter. JPMorgan Chase & Co. now owns 529,192 shares of the real estate investment trust’s stock valued at $14,448,000 after acquiring an additional 491,961 shares during the period. FMR LLC raised its stake in shares of Washington Real Estate Investment Trust by 8.4% in the 2nd quarter. FMR LLC now owns 3,969,366 shares of the real estate investment trust’s stock valued at $120,392,000 after acquiring an additional 305,943 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Washington Real Estate Investment Trust by 4.0% in the 2nd quarter. BlackRock Inc. now owns 7,870,894 shares of the real estate investment trust’s stock valued at $238,724,000 after acquiring an additional 299,981 shares during the period. 85.49% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reissued a “sell” rating and issued a $25.00 target price on shares of Washington Real Estate Investment Trust in a research note on Friday, July 27th. ValuEngine raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $31.20.

WRE opened at $31.00 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of 17.08 and a beta of 0.73. Washington Real Estate Investment Trust has a twelve month low of $24.92 and a twelve month high of $33.75. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.17.

Washington Real Estate Investment Trust (NYSE:WRE) last released its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.10. The business had revenue of $86.61 million during the quarter, compared to analyst estimates of $85.06 million. Washington Real Estate Investment Trust had a net margin of 5.72% and a return on equity of 1.76%. Washington Real Estate Investment Trust’s revenue was up 3.8% on a year-over-year basis. equities analysts forecast that Washington Real Estate Investment Trust will post 1.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, September 13th. Washington Real Estate Investment Trust’s payout ratio is 65.93%.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 48 properties consists of approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units. These 48 properties consist of 19 office properties, 16 retail centers and 13 multifamily properties.

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

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