Westpac Banking Corp lowered its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 60.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,700 shares of the real estate investment trust’s stock after selling 72,900 shares during the quarter. Westpac Banking Corp owned approximately 0.06% of Washington Real Estate Investment Trust worth $1,554,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Madden Advisory Services Inc. bought a new position in shares of Washington Real Estate Investment Trust in the first quarter worth about $131,000. Chicago Partners Investment Group LLC bought a new position in shares of Washington Real Estate Investment Trust in the second quarter worth about $163,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Washington Real Estate Investment Trust by 7.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 368 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Washington Real Estate Investment Trust by 29.5% in the first quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 1,300 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Washington Real Estate Investment Trust by 0.7% in the first quarter. M&T Bank Corp now owns 6,512 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 48 shares during the last quarter. 84.97% of the stock is owned by hedge funds and other institutional investors.

WRE has been the subject of a number of research reports. Robert W. Baird raised shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 target price for the company in a report on Tuesday, May 16th. BidaskClub cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 target price on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Finally, Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $33.92.

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Washington Real Estate Investment Trust (WRE) opened at 32.80 on Friday. The stock has a 50 day moving average of $32.78 and a 200-day moving average of $32.16. The company has a market cap of $2.52 billion, a PE ratio of 24.81 and a beta of 0.97. Washington Real Estate Investment Trust has a 12-month low of $27.65 and a 12-month high of $33.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, September 14th. Washington Real Estate Investment Trust’s payout ratio is 90.23%.

Washington Real Estate Investment Trust Profile

Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. The Company’s business consists of the ownership and operation of real property in the greater Washington metro region. The Company owns a diversified portfolio of office buildings, multifamily buildings and retail centers.

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

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