Washington Real Estate Investment Trust (WRE) Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in Washington Real Estate Investment Trust (NYSE:WRE) by 27.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,564 shares of the real estate investment trust’s stock after purchasing an additional 3,344 shares during the period. Principal Financial Group Inc.’s holdings in Washington Real Estate Investment Trust were worth $496,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of WRE. BlackRock Inc. lifted its stake in Washington Real Estate Investment Trust by 6,009.6% in the 1st quarter. BlackRock Inc. now owns 6,664,532 shares of the real estate investment trust’s stock valued at $208,468,000 after purchasing an additional 6,555,449 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Washington Real Estate Investment Trust by 285.3% during the second quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock worth $76,591,000 after acquiring an additional 1,777,764 shares during the last quarter. Vanguard Group Inc. lifted its position in Washington Real Estate Investment Trust by 3.9% during the first quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock worth $370,595,000 after acquiring an additional 444,191 shares during the last quarter. FMR LLC lifted its position in Washington Real Estate Investment Trust by 30.2% during the first quarter. FMR LLC now owns 1,822,600 shares of the real estate investment trust’s stock worth $57,010,000 after acquiring an additional 422,859 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in Washington Real Estate Investment Trust during the first quarter worth approximately $11,051,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. Finally, Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Washington Real Estate Investment Trust has a consensus rating of “Buy” and a consensus price target of $34.58.

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Washington Real Estate Investment Trust (WRE) opened at 33.42 on Friday. The company has a 50-day moving average of $32.88 and a 200-day moving average of $32.36. Washington Real Estate Investment Trust has a 52 week low of $27.65 and a 52 week high of $33.96. The company has a market capitalization of $2.57 billion, a PE ratio of 25.28 and a beta of 0.97.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.59%. The ex-dividend date was Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio is presently 90.23%.

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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