Washington Real Estate Investment Trust (WRE) Shares Sold by Pendal Group Ltd

Pendal Group Ltd cut its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 4.3% in the fourth quarter, Holdings Channel reports. The fund owned 40,300 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Pendal Group Ltd’s holdings in Washington Real Estate Investment Trust were worth $927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new position in shares of Washington Real Estate Investment Trust in the fourth quarter worth about $154,000. Virtu Financial LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the 4th quarter worth approximately $237,000. Jefferies Group LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the 3rd quarter worth approximately $286,000. Bank of Montreal Can grew its position in shares of Washington Real Estate Investment Trust by 2,820.3% during the 4th quarter. Bank of Montreal Can now owns 15,799 shares of the real estate investment trust’s stock worth $363,000 after buying an additional 15,258 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of Washington Real Estate Investment Trust by 3.4% during the 4th quarter. State of Alaska Department of Revenue now owns 26,096 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 857 shares during the period. 84.17% of the stock is owned by institutional investors.

Shares of NYSE:WRE opened at $24.99 on Friday. Washington Real Estate Investment Trust has a one year low of $22.53 and a one year high of $31.85. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13. The company has a market cap of $2.00 billion, a PE ratio of 13.73 and a beta of 0.99.

Several equities research analysts have recently commented on WRE shares. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Stifel Nicolaus upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating and set a $29.00 price target for the company in a research report on Monday, October 22nd. Raymond James lowered their price target on shares of Washington Real Estate Investment Trust from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 30th. Wells Fargo & Co lowered their price target on shares of Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating for the company in a research report on Wednesday, January 16th. Finally, JPMorgan Chase & Co. cut shares of Washington Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a research report on Wednesday, December 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.20.

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Washington Real Estate Investment Trust Profile

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 48 properties consists of approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units. These 48 properties consist of 19 office properties, 16 retail centers and 13 multifamily properties.

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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)

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