Nationwide Fund Advisors Decreases Holdings in Washington Real Estate Investment Trust (WRE)

Nationwide Fund Advisors cut its holdings in Washington Real Estate Investment Trust (NYSE:WRE) by 10.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,797 shares of the real estate investment trust’s stock after selling 4,921 shares during the period. Nationwide Fund Advisors owned approximately 0.06% of Washington Real Estate Investment Trust worth $1,435,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Washington Real Estate Investment Trust by 0.8% during the second quarter. Vanguard Group Inc. now owns 11,945,059 shares of the real estate investment trust’s stock worth $381,047,000 after purchasing an additional 97,373 shares during the period. BlackRock Inc. lifted its position in Washington Real Estate Investment Trust by 4.0% during the second quarter. BlackRock Inc. now owns 6,931,674 shares of the real estate investment trust’s stock worth $221,122,000 after purchasing an additional 267,142 shares during the period. State Street Corp lifted its position in Washington Real Estate Investment Trust by 5.3% during the second quarter. State Street Corp now owns 2,576,796 shares of the real estate investment trust’s stock worth $82,200,000 after purchasing an additional 130,030 shares during the period. Bank of New York Mellon Corp lifted its position in Washington Real Estate Investment Trust by 285.3% during the second quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock worth $76,591,000 after purchasing an additional 1,777,764 shares during the period. Finally, FMR LLC lifted its position in Washington Real Estate Investment Trust by 28.3% during the second quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock worth $74,601,000 after purchasing an additional 516,000 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

Several equities research analysts recently weighed in on WRE shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, October 5th. SunTrust Banks set a $33.00 price objective on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research report on Friday, October 27th. Robert W. Baird reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. Finally, TheStreet cut shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $34.50.

Washington Real Estate Investment Trust (NYSE WRE) opened at $30.95 on Tuesday. The company has a market cap of $2,420.00, a PE ratio of 103.17, a PEG ratio of 17.09 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 business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.88%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 400.00%.

COPYRIGHT VIOLATION WARNING: “Nationwide Fund Advisors Decreases Holdings in Washington Real Estate Investment Trust (WRE)” was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2017/12/26/nationwide-fund-advisors-decreases-holdings-in-washington-real-estate-investment-trust-wre.html.

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.

Want to see what other hedge funds are holding WRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Real Estate Investment Trust (NYSE:WRE).

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

Receive News & Ratings for Washington Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit