Forsta AP Fonden lowered its holdings in Washington Real Estate Investment Trust (NYSE:WRE) by 38.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,400 shares of the real estate investment trust’s stock after selling 6,400 shares during the period. Forsta AP Fonden’s holdings in Washington Real Estate Investment Trust were worth $319,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WRE. Woodstock Corp acquired a new stake in Washington Real Estate Investment Trust during the 2nd quarter valued at $207,000. Tocqueville Asset Management L.P. acquired a new stake in Washington Real Estate Investment Trust during the 2nd quarter valued at $219,000. Chicago Partners Investment Group LLC grew its holdings in Washington Real Estate Investment Trust by 44.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,382 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 2,257 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in Washington Real Estate Investment Trust during the 2nd quarter valued at $249,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Washington Real Estate Investment Trust during the 2nd quarter valued at $250,000. 84.80% of the stock is owned by institutional investors.

WRE has been the subject of several recent analyst reports. Stifel Nicolaus raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating and set a $29.00 price objective for the company in a report on Monday, October 22nd. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. lowered shares of Washington Real Estate Investment Trust from an “overweight” rating to a “neutral” rating in a report on Friday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.67.

Shares of WRE stock opened at $28.93 on Monday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 15.90 and a beta of 0.78. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13. Washington Real Estate Investment Trust has a 1-year low of $24.92 and a 1-year high of $32.91.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The company had revenue of $82.50 million for the quarter, compared to analyst estimates of $84.78 million. Washington Real Estate Investment Trust had a return on equity of 2.05% and a net margin of 6.64%. Equities analysts forecast that Washington Real Estate Investment Trust will post 1.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, December 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.15%. The ex-dividend date is Wednesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 65.93%.

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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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