Janney Montgomery Scott LLC decreased its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 6,820 shares of the real estate investment trust’s stock after selling 550 shares during the period. Janney Montgomery Scott LLC’s holdings in Washington Real Estate Investment Trust were worth $215,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BlackRock Japan Co. Ltd increased its position in shares of Washington Real Estate Investment Trust by 0.9% in the first quarter. BlackRock Japan Co. Ltd now owns 3,608 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 33 shares during the period. BNP Paribas Arbitrage SA purchased a new position in shares of Washington Real Estate Investment Trust during the second quarter valued at approximately $106,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Washington Real Estate Investment Trust by 8.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,629 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 280 shares during the period. Creative Planning increased its position in shares of Washington Real Estate Investment Trust by 1.0% in the second quarter. Creative Planning now owns 4,189 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 40 shares during the period. Finally, Societe Generale purchased a new position in shares of Washington Real Estate Investment Trust during the second quarter valued at approximately $133,000. 84.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded down 0.03% during midday trading on Tuesday, reaching $30.34. 445,311 shares of the company’s stock were exchanged. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 21.67 and a beta of 0.81. Washington Real Estate Investment Trust has a 12-month low of $23.89 and a 12-month high of $34.61. The stock’s 50 day moving average price is $32.65 and its 200 day moving average price is $30.54.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Washington Real Estate Investment Trust had a net margin of 30.90% and a return on equity of 11.37%. The business earned $79.41 million during the quarter, compared to analysts’ expectations of $77.74 million. During the same period last year, the company posted $0.42 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that Washington Real Estate Investment Trust will post $1.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.96%. Washington Real Estate Investment Trust’s payout ratio is currently 86.33%.

Several equities analysts recently issued reports 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 Wednesday, May 25th. Robert W. Baird cut shares of Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $32.00 to $35.00 in a research report on Wednesday, August 17th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.75.

About Washington Real Estate Investment Trust

Washington Real Estate Investment Trust is a self-administered, self-managed equity real estate investment trust. The Company’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. The Company’s three segments include office, retail and multifamily.

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