BlackRock Inc. Purchases 342,603 Shares of Washington Real Estate Investment Trust (WRE)

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BlackRock Inc. boosted its position in Washington Real Estate Investment Trust (NYSE:WRE) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,294,802 shares of the real estate investment trust’s stock after acquiring an additional 342,603 shares during the period. BlackRock Inc. owned 0.10% of Washington Real Estate Investment Trust worth $190,781,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WRE. Quantamental Technologies LLC bought a new position in Washington Real Estate Investment Trust in the fourth quarter valued at about $154,000. Prudential Financial Inc. boosted its holdings in Washington Real Estate Investment Trust by 5.6% in the fourth quarter. Prudential Financial Inc. now owns 9,654 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 511 shares during the last quarter. Virtu Financial LLC bought a new position in Washington Real Estate Investment Trust in the fourth quarter valued at about $237,000. Daiwa Securities Group Inc. boosted its holdings in Washington Real Estate Investment Trust by 7.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,300 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 800 shares during the last quarter. Finally, Jefferies Group LLC bought a new position in Washington Real Estate Investment Trust in the third quarter valued at about $286,000. Institutional investors and hedge funds own 85.42% of the company’s stock.

Shares of WRE opened at $27.65 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.16. Washington Real Estate Investment Trust has a 1 year low of $22.53 and a 1 year high of $31.85. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 15.73 and a beta of 0.97.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Thursday, February 14th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46. Washington Real Estate Investment Trust had a return on equity of 2.38% and a net margin of 7.61%. The firm had revenue of $82.90 million for the quarter, compared to analysts’ expectations of $83.63 million. During the same quarter last year, the business earned $0.45 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts predict that Washington Real Estate Investment Trust will post 1.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, March 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 64.52%.

A number of brokerages have issued reports on WRE. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, March 8th. Wells Fargo & Co reduced their target price on Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating on the stock in a report on Wednesday, January 16th. JPMorgan Chase & Co. cut Washington Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a report on Wednesday, December 19th. Finally, Raymond James reduced their target price on Washington Real Estate Investment Trust from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.60.

Washington Real Estate Investment Trust Profile

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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