Wells Fargo & Company MN Boosts Position in Washington Real Estate Investment Trust (NYSE:WRE)

Wells Fargo & Company MN boosted its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 0.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,501,433 shares of the real estate investment trust’s stock after acquiring an additional 2,493 shares during the quarter. Wells Fargo & Company MN’s holdings in Washington Real Estate Investment Trust were worth $42,611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WRE. Bank of Montreal Can raised its stake in shares of Washington Real Estate Investment Trust by 2,820.3% in the fourth quarter. Bank of Montreal Can now owns 15,799 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 15,258 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Washington Real Estate Investment Trust by 23.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 18,588 shares of the real estate investment trust’s stock valued at $428,000 after acquiring an additional 3,500 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Washington Real Estate Investment Trust by 37.5% in the fourth quarter. Rhumbline Advisers now owns 126,595 shares of the real estate investment trust’s stock valued at $2,912,000 after acquiring an additional 34,505 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Washington Real Estate Investment Trust by 7.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,300 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 800 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Washington Real Estate Investment Trust by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,994,955 shares of the real estate investment trust’s stock valued at $68,884,000 after acquiring an additional 7,975 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

WRE stock traded up $0.17 during trading on Wednesday, hitting $27.57. The company had a trading volume of 200,378 shares, compared to its average volume of 763,594. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 1.29. Washington Real Estate Investment Trust has a 12 month low of $22.53 and a 12 month high of $31.85. The stock has a market capitalization of $2.20 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 15.46 and a beta of 0.94.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. Washington Real Estate Investment Trust had a net margin of 5.35% and a return on equity of 1.68%. The firm had revenue of $83.20 million during the quarter, compared to analysts’ expectations of $82.12 million. During the same quarter in the previous year, the company posted $0.46 EPS. Washington Real Estate Investment Trust’s revenue was down 2.0% on a year-over-year basis. As a group, equities analysts expect that Washington Real Estate Investment Trust will post 1.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, June 13th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 64.52%.

A number of research analysts have recently issued reports on WRE shares. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, March 8th. Robert W. Baird cut shares of 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 note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Washington Real Estate Investment Trust currently has a consensus rating of “Hold” and a consensus target price of $28.80.

WARNING: “Wells Fargo & Company MN Boosts Position in Washington Real Estate Investment Trust (NYSE:WRE)” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2019/06/12/wells-fargo-company-mn-boosts-position-in-washington-real-estate-investment-trust-nysewre.html.

Washington Real Estate Investment Trust Profile

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.

Recommended Story: Hold Rating

Want to see what other hedge funds are holding WRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Real Estate Investment Trust (NYSE:WRE).

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

Receive News & Ratings for Washington Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.