IndexIQ Advisors LLC lessened its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 13.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,879 shares of the real estate investment trust’s stock after selling 8,415 shares during the quarter. IndexIQ Advisors LLC’s holdings in Washington Real Estate Investment Trust were worth $1,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC purchased a new position in Washington Real Estate Investment Trust in the 1st quarter worth approximately $67,000. D Orazio & Associates Inc. purchased a new position in Washington Real Estate Investment Trust in the 1st quarter worth approximately $85,000. Quadrant Capital Group LLC boosted its holdings in Washington Real Estate Investment Trust by 311.1% in the 1st quarter. Quadrant Capital Group LLC now owns 3,272 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 2,476 shares during the period. Advisor Group Inc. boosted its holdings in Washington Real Estate Investment Trust by 48.9% in the 4th quarter. Advisor Group Inc. now owns 5,290 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 1,737 shares during the period. Finally, FCA Corp TX purchased a new position in Washington Real Estate Investment Trust in the 4th quarter worth approximately $138,000. Hedge funds and other institutional investors own 87.89% of the company’s stock.

WRE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Robert W. Baird lowered Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and cut their target price for the company from $30.00 to $28.00 in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $28.80.

Shares of WRE opened at $27.06 on Monday. Washington Real Estate Investment Trust has a 52-week low of $22.53 and a 52-week high of $31.85. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 15.31 and a beta of 0.96. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.24.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. Washington Real Estate Investment Trust had a return on equity of 1.68% and a net margin of 5.35%. The company had revenue of $83.20 million for the quarter, compared to analyst estimates of $82.12 million. During the same period in the prior year, the company posted $0.46 EPS. Washington Real Estate Investment Trust’s quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts expect that Washington Real Estate Investment Trust will post 1.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Thursday, June 13th. Washington Real Estate Investment Trust’s payout ratio is 64.52%.

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About Washington Real Estate Investment Trust

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.

Further Reading: P/E Growth (PEG)

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

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