Resolution Capital Ltd lowered its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 19.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,615,655 shares of the real estate investment trust’s stock after selling 401,400 shares during the period. Washington Real Estate Investment Trust accounts for about 2.5% of Resolution Capital Ltd’s investment portfolio, making the stock its 17th largest position. Resolution Capital Ltd owned approximately 2.10% of Washington Real Estate Investment Trust worth $51,539,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock valued at $370,595,000 after buying an additional 444,191 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 6,009.6% in the first quarter. BlackRock Inc. now owns 6,664,532 shares of the real estate investment trust’s stock valued at $208,468,000 after buying an additional 6,555,449 shares in the last quarter. State Street Corp boosted its stake in shares of Washington Real Estate Investment Trust by 1.1% in the first quarter. State Street Corp now owns 2,446,766 shares of the real estate investment trust’s stock valued at $76,538,000 after buying an additional 26,209 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Washington Real Estate Investment Trust by 15.3% in the first quarter. Nuveen Asset Management LLC now owns 2,077,047 shares of the real estate investment trust’s stock valued at $64,970,000 after buying an additional 274,994 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Washington Real Estate Investment Trust by 30.2% in the first quarter. FMR LLC now owns 1,822,600 shares of the real estate investment trust’s stock valued at $57,010,000 after buying an additional 422,859 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Shares of Washington Real Estate Investment Trust (NYSE WRE) traded down 0.58% during mid-day trading on Friday, hitting $32.52. 463,316 shares of the stock were exchanged. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 24.60 and a beta of 0.96. The company has a 50-day moving average price of $32.31 and a 200-day moving average price of $32.05. Washington Real Estate Investment Trust has a 12 month low of $27.65 and a 12 month high of $34.02.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 90.23%.

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Several research analysts have commented on the stock. BidaskClub raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Finally, Robert W. Baird raised shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.92.

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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