Strs Ohio sells 1,653 shares of Washington Real Estate Investment Trust (NYSE:WRE)


Strs Ohio reduced its holdings in Washington Real Estate Investment Trust (NYSE: WREGet a rating) by 1.5% in the 1st quarter, HoldingsChannel.com reports. The fund held 111,930 shares of the real estate investment trust after selling 1,653 shares during the period. Strs Ohio’s holdings in Washington Real Estate Investment Trust were worth $2,854,000 at the end of last quarter.

A number of other institutional investors also changed their position in the company. Maryland State Retirement & Pension System increased its position in Washington Real Estate Investment Trust by 1.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 33,741 shares of the real estate investment trust worth $872,000 after acquiring 450 additional shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings of Washington Real Estate Investment Trust shares by 1.1% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 60,240 shares of the real estate investment trust worth $1,557,000 after purchasing an additional 650 shares during the period. Equity Investment Corp increased its holdings of Washington Real Estate Investment Trust shares by 3.6% in the fourth quarter. Equity Investment Corp now owns 24,113 shares of the real estate investment trust worth $623,000 after purchasing an additional 848 shares during the period. New Jersey State Joint Pension Fund D increased its holdings of Washington Real Estate Investment Trust stock 0.8% in the fourth quarter. New Jersey State Joint Pension Fund D now owns 109,200 shares of the REIT worth $2,823,000 after purchasing an additional 864 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Washington Real Estate Investment Trust by 6.4% in the 4th quarter. M&T Bank Corp now owns 16,476 shares of the real estate investment trust worth $427,000 after purchasing an additional 993 shares during the period. 90.75% of the shares are currently held by institutional investors.

Shares of NYSE WR opened at $20.43 on Friday. The company has a debt ratio of 0.38, a current ratio of 4.72 and a quick ratio of 4.72. The stock has a market capitalization of $1.79 billion, a P/E ratio of 170.25 and a beta of 0.87. Washington Real Estate Investment Trust has a 1-year minimum of $20.37 and a 1-year maximum of $26.79. The company has a fifty-day moving average price of $22.87 and a 200-day moving average price of $24.15.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6. Investors of record on Wednesday, June 22 received a dividend of $0.17 per share. This represents a dividend of $0.68 on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Tuesday, June 21. The Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 566.67%.

Several equity research analysts have weighed in on the company. StockNews.com assumed coverage for the Washington Real Estate Investment Trust in a Thursday, March 31 report. They issued a “sell” rating for the company. JPMorgan Chase & Co. lowered its price target on Washington Real Estate Investment Trust from $26.00 to $24.00 in a Tuesday, June 14 report. TheStreet upgraded the Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a report released Wednesday. Finally, Wells Fargo & Company lowered its price target on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating for the company in a Friday, July 1 report. One research analyst has assigned the stock a sell rating, two have assigned a hold rating and one has assigned the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $24.25.

Washington Real Estate Investment Trust Company Profile (Get a rating)

WashREIT owns and operates uniquely positioned real estate assets in the Washington metropolitan area. With decades of experience, expertise and ambition, we create value by turning ideas 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 retail space and 6,863 multi-family apartments.

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Want to see which other hedge funds hold WRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Real Estate Investment Trust (NYSE: WREGet a rating).

Institutional ownership by quarter for Washington Real Estate Investment Trust (NYSE:WRE)



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