Teacher Retirement System of Texas Has $473,000 Position in Washington Real Estate Investment Trust (WRE)

Teacher Retirement System of Texas lessened its holdings in Washington Real Estate Investment Trust (NYSE:WRE) by 34.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,323 shares of the real estate investment trust’s stock after selling 9,085 shares during the period. Teacher Retirement System of Texas’ holdings in Washington Real Estate Investment Trust were worth $473,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Baird Financial Group Inc. raised its holdings in Washington Real Estate Investment Trust by 5.0% in the 4th quarter. Baird Financial Group Inc. now owns 39,695 shares of the real estate investment trust’s stock worth $1,235,000 after acquiring an additional 1,908 shares during the period. California Public Employees Retirement System raised its holdings in Washington Real Estate Investment Trust by 1.3% in the 4th quarter. California Public Employees Retirement System now owns 159,205 shares of the real estate investment trust’s stock worth $4,954,000 after acquiring an additional 2,014 shares during the period. SG Americas Securities LLC raised its holdings in Washington Real Estate Investment Trust by 20.6% in the 1st quarter. SG Americas Securities LLC now owns 13,261 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 2,264 shares during the period. Aperio Group LLC raised its holdings in Washington Real Estate Investment Trust by 20.2% in the 1st quarter. Aperio Group LLC now owns 14,670 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 2,461 shares during the period. Finally, Swiss National Bank raised its holdings in Washington Real Estate Investment Trust by 2.0% in the 4th quarter. Swiss National Bank now owns 131,000 shares of the real estate investment trust’s stock worth $4,077,000 after acquiring an additional 2,600 shares during the period. 84.40% of the stock is owned by institutional investors and hedge funds.

Washington Real Estate Investment Trust opened at $28.89 on Thursday, Marketbeat reports. Washington Real Estate Investment Trust has a 52-week low of $24.92 and a 52-week high of $33.96. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.25. The stock has a market cap of $2.31 billion, a PE ratio of 15.87 and a beta of 0.77.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Washington Real Estate Investment Trust had a return on equity of 1.49% and a net margin of 4.91%. The company had revenue of $84.88 million for the quarter, compared to the consensus estimate of $83.15 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts expect that Washington Real Estate Investment Trust will post 1.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.15%. Washington Real Estate Investment Trust’s payout ratio is 65.93%.

Several brokerages recently commented on WRE. SunTrust Banks reiterated a “hold” rating and issued a $28.00 target price on shares of Washington Real Estate Investment Trust in a report on Wednesday, March 7th. ValuEngine downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Stifel Nicolaus reiterated a “sell” rating on shares of Washington Real Estate Investment Trust in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Washington Real Estate Investment Trust from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, April 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Washington Real Estate Investment Trust has a consensus rating of “Hold” and an average price target of $31.40.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 49 properties consists of approximately 6.4 million square feet of commercial space and 4,268 multifamily apartment units. These 49 properties consist of 20 office properties, 16 retail centers and 13 multifamily properties.

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

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