Geode Capital Management LLC Raises Stock Position in Washington Real Estate Investment Trust (NYSE:WRE)

Geode Capital Management LLC raised its position in Washington Real Estate Investment Trust (NYSE:WRE) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,078,821 shares of the real estate investment trust’s stock after purchasing an additional 84,182 shares during the quarter. Geode Capital Management LLC owned 1.35% of Washington Real Estate Investment Trust worth $24,812,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WRE. American International Group Inc. increased its position in shares of Washington Real Estate Investment Trust by 0.8% during the fourth quarter. American International Group Inc. now owns 52,697 shares of the real estate investment trust’s stock worth $1,212,000 after acquiring an additional 398 shares during the period. Prudential Financial Inc. increased its position in shares of Washington Real Estate Investment Trust by 5.6% during the fourth quarter. Prudential Financial Inc. now owns 9,654 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 511 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Washington Real Estate Investment Trust by 6.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,815 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 563 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Washington Real Estate Investment Trust by 7.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 12,300 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 800 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Washington Real Estate Investment Trust by 6.5% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,880 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 850 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Shares of WRE stock traded up $0.08 on Monday, reaching $26.81. 455,600 shares of the stock were exchanged, compared to its average volume of 741,554. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average price is $27.23. The stock has a market cap of $2.14 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 15.21 and a beta of 0.91. Washington Real Estate Investment Trust has a twelve month low of $22.53 and a twelve month high of $31.85.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. Washington Real Estate Investment Trust had a net margin of 5.35% and a return on equity of 1.68%. The firm had revenue of $83.20 million during the quarter, compared to the consensus estimate of $82.12 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Washington Real Estate Investment Trust will post 1.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.20 annualized dividend and a yield of 4.48%. Washington Real Estate Investment Trust’s dividend payout ratio is presently 64.52%.

A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, March 8th. Robert W. Baird downgraded shares of Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $28.00 in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $28.80.

Washington Real Estate Investment Trust Company 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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