New York State Common Retirement Fund Buys 3,800 Shares of Washington Real Estate Investment Trust (NYSE:WRE)

New York State Common Retirement Fund boosted its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,100 shares of the real estate investment trust’s stock after purchasing an additional 3,800 shares during the quarter. New York State Common Retirement Fund’s holdings in Washington Real Estate Investment Trust were worth $2,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WRE. Norges Bank purchased a new stake in Washington Real Estate Investment Trust during the 4th quarter worth about $22,822,000. Victory Capital Management Inc. increased its holdings in Washington Real Estate Investment Trust by 13.0% during the 1st quarter. Victory Capital Management Inc. now owns 3,383,580 shares of the real estate investment trust’s stock worth $96,026,000 after purchasing an additional 388,625 shares during the period. BlackRock Inc. increased its holdings in Washington Real Estate Investment Trust by 4.3% during the 4th quarter. BlackRock Inc. now owns 8,294,802 shares of the real estate investment trust’s stock worth $190,781,000 after purchasing an additional 342,603 shares during the period. Pennsylvania Trust Co purchased a new stake in Washington Real Estate Investment Trust during the 1st quarter worth about $35,862,000. Finally, First Trust Advisors LP increased its holdings in Washington Real Estate Investment Trust by 26.6% during the 4th quarter. First Trust Advisors LP now owns 1,014,509 shares of the real estate investment trust’s stock worth $23,334,000 after purchasing an additional 212,904 shares during the period. Institutional investors own 87.84% of the company’s stock.

WRE opened at $27.41 on Thursday. Washington Real Estate Investment Trust has a one year low of $22.53 and a one year high of $31.85. The stock has a market capitalization of $2.19 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 15.42 and a beta of 0.94. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.24.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.20 dividend on an annualized basis and a yield of 4.38%. Washington Real Estate Investment Trust’s payout ratio is 64.52%.

Several equities research analysts have weighed in on WRE shares. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 16th. Robert W. Baird downgraded Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $28.00 in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $28.80.

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About Washington Real Estate Investment Trust

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.

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

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