Posted by admin on Aug 14th, 2022 
Texas Permanent School Fund decreased its holdings in Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,003 shares of the real estate investment trust’s stock after selling 1,284 shares during the period. Texas Permanent School Fund owned about 0.07% of Washington Real Estate Investment Trust worth $1,530,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the business. Maryland State Retirement & Pension System lifted its position in shares of 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 worth $872,000 after purchasing an additional 450 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Washington Real Estate Investment Trust by 2.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 25,146 shares of the real estate investment trust’s stock worth $641,000 after purchasing an additional 483 shares during the last quarter. abrdn plc lifted its position in shares of Washington Real Estate Investment Trust by 3.3% during the 1st quarter. abrdn plc now owns 18,787 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 592 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Washington Real Estate Investment Trust by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 12,196 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 633 shares during the last quarter. Finally, Equity Investment Corp lifted its position in shares of Washington Real Estate Investment Trust by 3.6% during the 4th quarter. Equity Investment Corp now owns 24,113 shares of the real estate investment trust’s stock worth $623,000 after purchasing an additional 848 shares during the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.
NYSE WRE opened at $21.66 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $1.89 billion, a PE ratio of 216.60 and a beta of 0.85. Washington Real Estate Investment Trust has a one year low of $20.06 and a one year high of $26.79. The firm’s fifty day moving average is $21.68 and its two-hundred day moving average is $23.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 21st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $0.68 dividend on an annualized basis and a yield of 3.14%. Washington Real Estate Investment Trust’s dividend payout ratio is presently 680.00%.
Several equities research analysts have recently issued reports on WRE shares. TheStreet cut shares of Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, July 6th. Wells Fargo & Company reduced their price target on shares of Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating for the company in a research report on Friday, July 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.25.
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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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