Amalgamated Bank grew its holdings in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,852 shares of the real estate investment trust’s stock after purchasing an additional 705 shares during the period. Amalgamated Bank’s holdings in Washington Real Estate Investment Trust were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its position in Washington Real Estate Investment Trust by 4.0% during the 2nd quarter. BlackRock Inc. now owns 6,931,674 shares of the real estate investment trust’s stock worth $221,122,000 after purchasing an additional 267,142 shares during the period. Nationwide Fund Advisors increased its position in Washington Real Estate Investment Trust by 3.2% during the 2nd quarter. Nationwide Fund Advisors now owns 48,718 shares of the real estate investment trust’s stock worth $1,554,000 after purchasing an additional 1,512 shares during the period. Ameriprise Financial Inc. increased its position in Washington Real Estate Investment Trust by 144.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 175,554 shares of the real estate investment trust’s stock worth $5,600,000 after purchasing an additional 103,722 shares during the period. TIAA CREF Investment Management LLC increased its position in Washington Real Estate Investment Trust by 6.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 208,407 shares of the real estate investment trust’s stock worth $6,648,000 after purchasing an additional 12,732 shares during the period. Finally, Teachers Advisors LLC increased its position in Washington Real Estate Investment Trust by 10.5% during the 2nd quarter. Teachers Advisors LLC now owns 140,111 shares of the real estate investment trust’s stock worth $4,470,000 after purchasing an additional 13,327 shares during the period. Institutional investors own 84.99% of the company’s stock.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at 33.24 on Wednesday. The stock’s 50 day moving average price is $32.86 and its 200 day moving average price is $32.35. Washington Real Estate Investment Trust has a 52 week low of $27.65 and a 52 week high of $33.96. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 25.14 and a beta of 0.97.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.61%. Washington Real Estate Investment Trust’s payout ratio is currently 90.23%.

Several research firms have issued reports on WRE. Zacks Investment Research cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “hold” rating and set a $33.00 target price on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Finally, BidaskClub cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Washington Real Estate Investment Trust presently has a consensus rating of “Buy” and a consensus target price of $34.58.

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Washington Real Estate Investment Trust Company 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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