Employees Retirement System of Texas continued to hold its stake in Washington Real Estate Investment Trust (NYSE:WRE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,000 shares of the real estate investment trust’s stock at the end of the second quarter. Employees Retirement System of Texas owned about 0.09% of Washington Real Estate Investment Trust worth $2,297,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. M&T Bank Corp lifted its stake in 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. HighTower Advisors LLC lifted its stake in Washington Real Estate Investment Trust by 1.0% in the second quarter. HighTower Advisors LLC now owns 20,736 shares of the real estate investment trust’s stock worth $662,000 after acquiring an additional 203 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Washington Real Estate Investment Trust by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock worth $263,000 after acquiring an additional 208 shares during the last quarter. GAM Holding AG lifted its stake in Washington Real Estate Investment Trust by 5.0% in the second quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 313 shares during the last quarter. Finally, ETRADE Capital Management LLC lifted its stake in Washington Real Estate Investment Trust by 4.1% in the second quarter. ETRADE Capital Management LLC now owns 9,160 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 357 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

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A number of research analysts recently issued reports on WRE shares. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Thursday, October 5th. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a research note on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.58.

Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at 33.24 on Wednesday. Washington Real Estate Investment Trust has a 12-month low of $27.65 and a 12-month high of $33.96. The firm’s 50-day moving average is $32.86 and its 200-day moving average is $32.35. The firm has a market cap of $2.56 billion, a PE ratio of 25.14 and a beta of 0.97.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio is presently 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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