Washington Real Estate Investment Trust (WRE) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC raised its holdings in Washington Real Estate Investment Trust (NYSE:WRE) by 10.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,111 shares of the real estate investment trust’s stock after purchasing an additional 13,327 shares during the quarter. Teachers Advisors LLC owned approximately 0.18% of Washington Real Estate Investment Trust worth $4,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WRE. BlackRock Inc. raised its position 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 raised its position in Washington Real Estate Investment Trust by 285.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock valued at $76,591,000 after purchasing an additional 1,777,764 shares during the last quarter. Vanguard Group Inc. raised its position in Washington Real Estate Investment Trust by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock valued at $370,595,000 after purchasing an additional 444,191 shares during the last quarter. FMR LLC raised its position in Washington Real Estate Investment Trust by 30.2% in the 1st quarter. FMR LLC now owns 1,822,600 shares of the real estate investment trust’s stock valued at $57,010,000 after purchasing an additional 422,859 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new position in Washington Real Estate Investment Trust in the 1st quarter valued at $11,051,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Several brokerages have issued reports on WRE. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Three investment 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 an average price target of $34.58.

COPYRIGHT VIOLATION NOTICE: “Washington Real Estate Investment Trust (WRE) Shares Bought by Teachers Advisors LLC” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/13/washington-real-estate-investment-trust-wre-shares-bought-by-teachers-advisors-llc.html.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at 33.42 on Friday. The company has a market cap of $2.57 billion, a P/E ratio of 25.28 and a beta of 0.97. The stock’s 50 day moving average price is $32.88 and its 200-day moving average price

A number of other institutional investors and hedge funds have also modified their holdings of WRE. BlackRock Inc. raised its position 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 raised its position in Washington Real Estate Investment Trust by 285.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock valued at $76,591,000 after purchasing an additional 1,777,764 shares during the last quarter. Vanguard Group Inc. raised its position in Washington Real Estate Investment Trust by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock valued at $370,595,000 after purchasing an additional 444,191 shares during the last quarter. FMR LLC raised its position in Washington Real Estate Investment Trust by 30.2% in the 1st quarter. FMR LLC now owns 1,822,600 shares of the real estate investment trust’s stock valued at $57,010,000 after purchasing an additional 422,859 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new position in Washington Real Estate Investment Trust in the 1st quarter valued at $11,051,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Several brokerages have issued reports on WRE. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Three investment 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 an average price target of $34.58.

COPYRIGHT VIOLATION NOTICE: “Washington Real Estate Investment Trust (WRE) Shares Bought by Teachers Advisors LLC” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/13/washington-real-estate-investment-trust-wre-shares-bought-by-teachers-advisors-llc.html.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at 33.42 on Friday. The company has a market cap of $2.57 billion, a P/E ratio of 25.28 and a beta of 0.97. The stock’s 50 day moving average price is $32.88 and its 200-day moving average price is $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 also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 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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