IndexIQ Advisors LLC Sells 6,387 Shares of Washington Real Estate Investment Trust (WRE)

IndexIQ Advisors LLC lowered its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 9.2% in the 4th quarter, Holdings Channel reports. The firm owned 63,294 shares of the real estate investment trust’s stock after selling 6,387 shares during the quarter. IndexIQ Advisors LLC’s holdings in Washington Real Estate Investment Trust were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings in shares of Washington Real Estate Investment Trust by 2,592.0% during the 3rd quarter. First Trust Advisors LP now owns 801,605 shares of the real estate investment trust’s stock worth $24,569,000 after acquiring an additional 771,828 shares during the last quarter. FMR LLC raised its position in Washington Real Estate Investment Trust by 8.4% in the 2nd quarter. FMR LLC now owns 3,969,366 shares of the real estate investment trust’s stock worth $120,392,000 after purchasing an additional 305,943 shares during the period. Victory Capital Management Inc. raised its position in Washington Real Estate Investment Trust by 8.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,986,980 shares of the real estate investment trust’s stock worth $91,551,000 after purchasing an additional 234,897 shares during the period. Renaissance Technologies LLC raised its position in Washington Real Estate Investment Trust by 6.3% in the 3rd quarter. Renaissance Technologies LLC now owns 2,145,800 shares of the real estate investment trust’s stock worth $65,769,000 after purchasing an additional 126,900 shares during the period. Finally, BlackRock Inc. raised its position in Washington Real Estate Investment Trust by 1.0% in the 3rd quarter. BlackRock Inc. now owns 7,952,199 shares of the real estate investment trust’s stock worth $243,735,000 after purchasing an additional 81,305 shares during the period. Institutional investors own 83.67% of the company’s stock.

A number of brokerages recently commented on WRE. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Wells Fargo & Co decreased their price objective on shares of Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating on the stock in a research report on Wednesday, January 16th. 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. Raymond James decreased their price objective on shares of Washington Real Estate Investment Trust from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 30th. Finally, Stifel Nicolaus upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.20.

NYSE:WRE opened at $25.84 on Wednesday. The stock has a market cap of $2.06 billion, a P/E ratio of 14.20 and a beta of 0.98. 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 debt-to-equity ratio of 1.13, a quick ratio of 1.26 and a current ratio of 1.26.

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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.

Further Reading: How is net asset value different from market price?

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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