Washington Real Estate Investment Trust (NYSE:WRE) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in Washington Real Estate Investment Trust (NYSE:WREGet Rating) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,906 shares of the real estate investment trust’s stock after selling 1,484 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. owned about 0.07% of Washington Real Estate Investment Trust worth $1,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WRE. Penserra Capital Management LLC bought a new stake in shares of Washington Real Estate Investment Trust in the first quarter worth $27,000. First Manhattan Co. increased its stake in shares of Washington Real Estate Investment Trust by 435.1% in the first quarter. First Manhattan Co. now owns 1,402 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,140 shares during the last quarter. KBC Group NV bought a new stake in shares of Washington Real Estate Investment Trust in the first quarter worth $139,000. Van ECK Associates Corp increased its stake in shares of Washington Real Estate Investment Trust by 15.1% in the first quarter. Van ECK Associates Corp now owns 7,583 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 993 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter worth $212,000. Institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

WRE has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on shares of Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, July 1st. TheStreet lowered shares of Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research note on Wednesday, July 6th. StockNews.com lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a research note on Tuesday, June 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.25.

Washington Real Estate Investment Trust Stock Performance

Shares of WRE traded down $0.67 during midday trading on Friday, hitting $18.60. 16,378 shares of the stock traded hands, compared to its average volume of 476,992. Washington Real Estate Investment Trust has a 1-year low of $18.93 and a 1-year high of $26.79. The firm has a market capitalization of $1.63 billion, a PE ratio of 192.70 and a beta of 0.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.59 and a current ratio of 1.59. The business’s 50 day moving average price is $20.68 and its two-hundred day moving average price is $22.63.

Washington Real Estate Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Tuesday, September 20th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 680.00%.

About Washington Real Estate Investment Trust

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WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units.

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

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