Posted by admin on Aug 24th, 2022 
Teacher Retirement System of Texas boosted its position in shares of Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) by 6.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 17,443 shares of the real estate investment trust’s stock after acquiring an additional 1,003 shares during the quarter. Teacher Retirement System of Texas’ holdings in Washington Real Estate Investment Trust were worth $445,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inspire Investing LLC bought a new stake in Washington Real Estate Investment Trust during the 1st quarter valued at $235,000. SG Americas Securities LLC raised its holdings in Washington Real Estate Investment Trust by 230.6% during the 4th quarter. SG Americas Securities LLC now owns 63,033 shares of the real estate investment trust’s stock valued at $1,629,000 after buying an additional 43,967 shares during the last quarter. Retirement Planning Co of New England Inc. increased its position in Washington Real Estate Investment Trust by 6.3% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 19,482 shares of the real estate investment trust’s stock valued at $496,000 after purchasing an additional 1,159 shares during the period. Vert Asset Management LLC purchased a new position in Washington Real Estate Investment Trust during the 4th quarter valued at $291,000. Finally, Maryland State Retirement & Pension System increased its position in Washington Real Estate Investment Trust by 1.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 33,741 shares of the real estate investment trust’s stock valued at $872,000 after purchasing an additional 450 shares during the period. 90.75% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on WRE shares. JPMorgan Chase & Co. reduced their price objective on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a research report on Tuesday, June 14th. Wells Fargo & Company reduced their price objective on shares of Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st. StockNews.com downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, TheStreet downgraded shares of Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.25.
NYSE:WRE opened at $20.31 on Wednesday. The firm’s 50-day moving average price is $21.33 and its 200-day moving average price is $23.22. The company has a market capitalization of $1.78 billion, a PE ratio of 205.60 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.59 and a quick ratio of 1.59. Washington Real Estate Investment Trust has a 1-year low of $20.06 and a 1-year high of $26.79.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, September 20th. Washington Real Estate Investment Trust’s dividend payout ratio is presently 680.00%.
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WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights 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 commercial space and 6,863 multifamily apartment units.
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