Amundi Pioneer Asset Management Inc. grew its holdings in Washington Real Estate Investment Trust (NYSE:WRE) by 104.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 117,405 shares of the real estate investment trust’s stock after acquiring an additional 60,005 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Washington Real Estate Investment Trust were worth $3,654,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in WRE. Teacher Retirement System of Texas purchased a new stake in shares of Washington Real Estate Investment Trust in the third quarter valued at about $206,000. Schroder Investment Management Group purchased a new stake in shares of Washington Real Estate Investment Trust in the third quarter valued at about $308,000. Commonwealth Equity Services Inc raised its holdings in shares of Washington Real Estate Investment Trust by 29.5% in the third quarter. Commonwealth Equity Services Inc now owns 12,091 shares of the real estate investment trust’s stock valued at $396,000 after buying an additional 2,753 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter valued at about $526,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Washington Real Estate Investment Trust during the third quarter worth about $596,000. 84.07% of the stock is owned by institutional investors and hedge funds.

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Several research analysts recently issued reports on the stock. SunTrust Banks set a $31.00 price target on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, Stifel Nicolaus reissued a “sell” rating on shares of Washington Real Estate Investment Trust in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Washington Real Estate Investment Trust has an average rating of “Hold” and a consensus price target of $31.25.

Washington Real Estate Investment Trust (NYSE WRE) opened at $26.72 on Friday. The stock has a market cap of $2,100.60, a PE ratio of 102.77, a P/E/G ratio of 14.38 and a beta of 0.86. Washington Real Estate Investment Trust has a 1-year low of $24.92 and a 1-year high of $33.96. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.05.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.41). The firm had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $81.94 million. Washington Real Estate Investment Trust had a return on equity of 1.80% and a net margin of 6.04%. analysts predict that Washington Real Estate Investment Trust will post 1.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.20 annualized dividend and a yield of 4.49%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 461.56%.

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Washington Real Estate Investment Trust Company Profile

Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. The Company’s business consists of the ownership and operation of real property in the greater Washington metro region. The Company owns a diversified portfolio of office buildings, multifamily buildings and retail centers.

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

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