Perpetual Ltd Acquires New Position in Washington Real Estate Investment Trust (WRE)

Perpetual Ltd bought a new stake in Washington Real Estate Investment Trust (NYSE:WRE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 92,631 shares of the real estate investment trust’s stock, valued at approximately $2,955,000. Perpetual Ltd owned approximately 0.12% of Washington Real Estate Investment Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Washington Real Estate Investment Trust by 0.8% during the second quarter. Vanguard Group Inc. now owns 11,945,059 shares of the real estate investment trust’s stock worth $381,047,000 after buying an additional 97,373 shares in the last quarter. BlackRock Inc. grew its position in shares of Washington Real Estate Investment Trust by 4.0% during the second quarter. BlackRock Inc. now owns 6,931,674 shares of the real estate investment trust’s stock worth $221,122,000 after buying an additional 267,142 shares in the last quarter. State Street Corp grew its position in shares of Washington Real Estate Investment Trust by 5.3% during the second quarter. State Street Corp now owns 2,576,796 shares of the real estate investment trust’s stock worth $82,200,000 after buying an additional 130,030 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Washington Real Estate Investment Trust by 285.3% during the second quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock worth $76,591,000 after buying an additional 1,777,764 shares in the last quarter. Finally, FMR LLC grew its position in shares of Washington Real Estate Investment Trust by 28.3% during the second quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock worth $74,601,000 after buying an additional 516,000 shares in the last quarter. 84.84% of the stock is owned by institutional investors.

WRE has been the subject of a number of analyst reports. Zacks Investment Research raised Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, October 5th. BidaskClub raised Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Washington Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus target price of $34.58.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded up 1.55% during trading on Friday, reaching $32.78. The company had a trading volume of 139,831 shares. The company has a market capitalization of $2.52 billion, a P/E ratio of 24.80 and a beta of 0.97. The firm has a 50-day moving average price of $32.94 and a 200-day moving average price of $32.48. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.72%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 90.23%.

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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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