Keybank National Association OH Has $1.58 Million Stock Position in Washington Real Estate Investment Trust (NYSE:WRE)

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Keybank National Association OH decreased its position in Washington Real Estate Investment Trust (NYSE:WRE) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,275 shares of the real estate investment trust’s stock after selling 1,725 shares during the period. Keybank National Association OH’s holdings in Washington Real Estate Investment Trust were worth $1,584,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WRE. Municipal Employees Retirement System of Michigan boosted its stake in Washington Real Estate Investment Trust by 1.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 23,910 shares of the real estate investment trust’s stock worth $639,000 after purchasing an additional 410 shares during the period. Moors & Cabot Inc. boosted its stake in Washington Real Estate Investment Trust by 0.9% in the 2nd quarter. Moors & Cabot Inc. now owns 72,116 shares of the real estate investment trust’s stock worth $1,923,000 after purchasing an additional 633 shares during the period. Daiwa Securities Group Inc. boosted its stake in Washington Real Estate Investment Trust by 6.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 13,100 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 800 shares during the period. Arizona State Retirement System boosted its stake in Washington Real Estate Investment Trust by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 124,150 shares of the real estate investment trust’s stock worth $3,319,000 after purchasing an additional 841 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Washington Real Estate Investment Trust by 8.6% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,067 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 1,187 shares during the period. 87.42% of the stock is owned by institutional investors.

Washington Real Estate Investment Trust stock opened at $26.57 on Friday. The firm has a 50-day moving average of $27.03 and a 200-day moving average of $27.32. Washington Real Estate Investment Trust has a one year low of $22.53 and a one year high of $31.85. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 15.15 and a beta of 0.92.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.44). Washington Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 2.51%. The business had revenue of $76.82 million for the quarter, compared to analyst estimates of $85.76 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Washington Real Estate Investment Trust will post 1.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.52%. Washington Real Estate Investment Trust’s dividend payout ratio is 64.52%.

A number of brokerages recently weighed in on WRE. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Robert W. Baird lowered shares of Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $28.00 in a research note on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.80.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

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

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