Ameriprise Financial Inc. Raises Holdings in Washington Real Estate Investment Trust (NYSE:WRE)

Ameriprise Financial Inc. raised its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 193,856 shares of the real estate investment trust’s stock after purchasing an additional 18,302 shares during the period. Ameriprise Financial Inc. owned 0.25% of Washington Real Estate Investment Trust worth $6,351,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. HighTower Advisors LLC increased its position in Washington Real Estate Investment Trust by 1.0% during the second quarter. HighTower Advisors LLC now owns 20,736 shares of the real estate investment trust’s stock worth $662,000 after purchasing an additional 203 shares during the last quarter. Neuberger Berman Group LLC increased its position in Washington Real Estate Investment Trust by 2.6% during the second quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 208 shares during the last quarter. GAM Holding AG increased its position in Washington Real Estate Investment Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 313 shares during the last quarter. ETRADE Capital Management LLC increased its position in Washington Real Estate Investment Trust by 4.1% during the second quarter. ETRADE Capital Management LLC now owns 9,160 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 357 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Washington Real Estate Investment Trust by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 437 shares during the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

Washington Real Estate Investment Trust (NYSE:WRE) opened at $28.95 on Friday. The firm has a market cap of $2,280.00, a price-to-earnings ratio of 96.50, a PEG ratio of 15.88 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a 52 week low of $28.73 and a 52 week high of $33.96.

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $1.20 annualized dividend and a dividend yield of 4.15%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 400.00%.

Several equities analysts recently commented on WRE shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. 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 objective for the company in a research note on Thursday, October 5th. SunTrust Banks set a $33.00 price objective on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research note on Friday, October 27th. Robert W. Baird reiterated an “outperform” rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. Finally, TheStreet downgraded shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.25.

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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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