Resolution Capital Ltd decreased its position in Washington Real Estate Investment Trust (NYSE:WRE) by 35.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 497,043 shares of the real estate investment trust’s stock after selling 272,568 shares during the quarter. Washington Real Estate Investment Trust accounts for about 0.5% of Resolution Capital Ltd’s holdings, making the stock its 22nd biggest holding. Resolution Capital Ltd owned 0.62% of Washington Real Estate Investment Trust worth $14,106,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WRE. Norges Bank acquired a new stake in Washington Real Estate Investment Trust during the fourth quarter worth approximately $22,822,000. BlackRock Inc. grew its position in Washington Real Estate Investment Trust by 4.3% in the 4th quarter. BlackRock Inc. now owns 8,294,802 shares of the real estate investment trust’s stock valued at $190,781,000 after buying an additional 342,603 shares during the last quarter. Pennsylvania Trust Co purchased a new position in Washington Real Estate Investment Trust in the 1st quarter valued at $35,862,000. First Trust Advisors LP grew its position in Washington Real Estate Investment Trust by 26.6% in the 4th quarter. First Trust Advisors LP now owns 1,014,509 shares of the real estate investment trust’s stock valued at $23,334,000 after buying an additional 212,904 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in Washington Real Estate Investment Trust in the 4th quarter valued at $4,276,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on WRE shares. JPMorgan Chase & Co. lowered shares of Washington Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a research report on Wednesday, December 19th. Wells Fargo & Co decreased their target price on shares of Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating on the stock in a research report on Wednesday, January 16th. Finally, Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.00.

Shares of NYSE:WRE traded down $0.21 during midday trading on Wednesday, hitting $27.77. 8,425 shares of the stock were exchanged, compared to its average volume of 883,958. The company has a market capitalization of $2.29 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 16.27 and a beta of 0.98. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.16. Washington Real Estate Investment Trust has a twelve month low of $22.53 and a twelve month high of $31.85.

Washington Real Estate Investment Trust (NYSE:WRE) last released its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $82.90 million during the quarter, compared to the consensus estimate of $83.63 million. Washington Real Estate Investment Trust had a return on equity of 2.38% and a net margin of 7.61%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, equities analysts anticipate that Washington Real Estate Investment Trust will post 1.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Thursday, March 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 64.52%.

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Washington Real Estate Investment Trust Company Profile

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

Further Reading: Understanding Market Liquidity

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

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