Great West Life Assurance Co. Can cut its holdings in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,937 shares of the real estate investment trust’s stock after selling 2,787 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Washington Real Estate Investment Trust worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WRE. Bellecapital International Ltd. acquired a new stake in Washington Real Estate Investment Trust during the 2nd quarter worth approximately $200,000. Woodstock Corp bought a new position in shares of Washington Real Estate Investment Trust during the 2nd quarter worth approximately $207,000. Sheets Smith Wealth Management bought a new position in shares of Washington Real Estate Investment Trust during the 2nd quarter worth approximately $249,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Washington Real Estate Investment Trust during the 2nd quarter worth approximately $250,000. Finally, Chicago Equity Partners LLC bought a new position in shares of Washington Real Estate Investment Trust during the 2nd quarter worth approximately $270,000. Institutional investors own 85.49% of the company’s stock.

Several equities analysts have recently weighed in on WRE shares. ValuEngine raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 29th. Stifel Nicolaus reaffirmed a “sell” rating and set a $25.00 price target on shares of Washington Real Estate Investment Trust in a research note on Friday, July 27th. Finally, JPMorgan Chase & Co. cut shares of Washington Real Estate Investment Trust from an “overweight” rating to a “neutral” rating in a research note on Friday, October 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Washington Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of $29.75.

Shares of NYSE:WRE traded down $0.34 during midday trading on Friday, hitting $27.74. The stock had a trading volume of 409,996 shares, compared to its average volume of 414,214. Washington Real Estate Investment Trust has a 12 month low of $24.92 and a 12 month high of $33.75. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $2.41 billion, a PE ratio of 15.24 and a beta of 0.72.

Washington Real Estate Investment Trust (NYSE:WRE) last released its earnings results on Thursday, July 26th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Washington Real Estate Investment Trust had a net margin of 5.72% and a return on equity of 1.76%. The business had revenue of $86.61 million during the quarter, compared to analysts’ expectations of $85.06 million. Washington Real Estate Investment Trust’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts predict that Washington Real Estate Investment Trust will post 1.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Thursday, September 13th. Washington Real Estate Investment Trust’s dividend payout ratio is 65.93%.

Washington Real Estate Investment Trust Company Profile

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 48 properties consists of approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units. These 48 properties consist of 19 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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