Renaissance Technologies LLC lifted its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 33.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,408,500 shares of the real estate investment trust’s stock after purchasing an additional 350,200 shares during the period. Renaissance Technologies LLC owned about 1.83% of Washington Real Estate Investment Trust worth $44,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. M&T Bank Corp grew its stake in Washington Real Estate Investment Trust by 0.7% during the 1st quarter. M&T Bank Corp now owns 6,512 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 48 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Washington Real Estate Investment Trust by 2.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 208 shares during the period. HighTower Advisors LLC raised its position in Washington Real Estate Investment Trust by 1.5% in the 1st quarter. HighTower Advisors LLC now owns 20,533 shares of the real estate investment trust’s stock valued at $643,000 after purchasing an additional 298 shares in the last quarter. GAM Holding AG raised its position in Washington Real Estate Investment Trust by 5.0% in the 2nd quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 313 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its position in Washington Real Estate Investment Trust by 4.1% in the 2nd quarter. ETRADE Capital Management LLC now owns 9,160 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 357 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

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Washington Real Estate Investment Trust (NYSE:WRE) opened at 32.76 on Monday. Washington Real Estate Investment Trust has a 52 week low of $27.65 and a 52 week high of $33.96. The firm has a market cap of $2.52 billion, a P/E ratio of 24.78 and a beta of 0.97. The company’s 50 day moving average is $32.86 and its 200-day moving average is $32.14.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 90.23%.

WRE has been the subject of several recent research reports. Zacks Investment Research cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus restated a “hold” rating and set a $33.00 target price on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $33.92.

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.

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

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