State Street Corp Purchases 71,456 Shares of Washington Real Estate Investment Trust (NYSE:WRE)

State Street Corp increased its position in Washington Real Estate Investment Trust (NYSE:WRE) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,375,227 shares of the real estate investment trust’s stock after buying an additional 71,456 shares during the quarter. State Street Corp owned 0.05% of Washington Real Estate Investment Trust worth $119,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Mason Street Advisors LLC boosted its position in Washington Real Estate Investment Trust by 1.8% during the 3rd quarter. Mason Street Advisors LLC now owns 27,193 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 478 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Washington Real Estate Investment Trust by 368.4% during the third quarter. Tower Research Capital LLC TRC now owns 6,628 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 5,213 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Washington Real Estate Investment Trust by 17.8% during the third quarter. SG Americas Securities LLC now owns 44,164 shares of the real estate investment trust’s stock valued at $1,208,000 after acquiring an additional 6,673 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Washington Real Estate Investment Trust by 19.2% during the third quarter. First Trust Advisors LP now owns 1,511,220 shares of the real estate investment trust’s stock worth $41,347,000 after purchasing an additional 243,537 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Washington Real Estate Investment Trust by 7.6% during the third quarter. Daiwa Securities Group Inc. now owns 14,100 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 1,000 shares during the period. 90.26% of the stock is owned by institutional investors.

Shares of WRE stock opened at $30.83 on Friday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 18.13 and a beta of 0.92. The stock has a 50-day moving average of $30.43 and a 200-day moving average of $27.97. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. Washington Real Estate Investment Trust has a 1-year low of $22.53 and a 1-year high of $31.41.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.49). The company had revenue of $80.26 million during the quarter, compared to analyst estimates of $78.81 million. Washington Real Estate Investment Trust had a negative return on equity of 0.55% and a net margin of 103.68%. Washington Real Estate Investment Trust’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. Sell-side analysts forecast that Washington Real Estate Investment Trust will post 1.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Friday, December 20th. Washington Real Estate Investment Trust’s dividend payout ratio is presently 64.52%.

Separately, Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Sunday, November 3rd.

Washington Real Estate Investment Trust Company Profile

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

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

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