Legal & General Group Plc Purchases 31,440 Shares of Washington Real Estate Investment Trust (WRE)

Legal & General Group Plc lifted its position in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,949 shares of the real estate investment trust’s stock after purchasing an additional 31,440 shares during the period. Legal & General Group Plc owned about 0.32% of Washington Real Estate Investment Trust worth $8,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WRE. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Washington Real Estate Investment Trust by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 570 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Washington Real Estate Investment Trust during the third quarter worth $206,000. Citadel Advisors LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the second quarter worth $203,000. GAM Holding AG raised its holdings in shares of Washington Real Estate Investment Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 313 shares during the period. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Washington Real Estate Investment Trust by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 437 shares during the period. 85.55% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on WRE. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Capital One Financial reissued an “overweight” rating on shares of Washington Real Estate Investment Trust in a report on Monday, November 20th. TheStreet cut shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a report on Friday, November 3rd. Robert W. Baird reissued an “outperform” rating and set a $34.00 target price on shares of Washington Real Estate Investment Trust in a report on Tuesday, October 31st. Finally, SunTrust Banks set a $33.00 target price on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $34.75.

Washington Real Estate Investment Trust (WRE) traded up $0.50 during trading on Thursday, hitting $32.29. 475,400 shares of the stock traded hands, compared to its average volume of 367,933. The company has a market capitalization of $2,494.40, a price-to-earnings ratio of 17.56, a P/E/G ratio of 17.49 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a fifty-two week low of $29.90 and a fifty-two week high of $33.96.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.72%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 400.00%.

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Washington Real Estate Investment Trust 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.

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

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