Citigroup Inc. boosted its holdings in Washington Real Estate Investment Trust (NYSE:WRE) by 107.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,593 shares of the real estate investment trust’s stock after buying an additional 23,146 shares during the period. Citigroup Inc. owned 0.06% of Washington Real Estate Investment Trust worth $1,422,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. grew its holdings in Washington Real Estate Investment Trust by 6,009.6% in the 1st quarter. BlackRock Inc. now owns 6,664,532 shares of the real estate investment trust’s stock valued at $208,468,000 after buying an additional 6,555,449 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Washington Real Estate Investment Trust by 285.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock valued at $76,591,000 after acquiring an additional 1,777,764 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Washington Real Estate Investment Trust by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock valued at $370,595,000 after acquiring an additional 444,191 shares during the last quarter. FMR LLC increased its stake in shares of Washington Real Estate Investment Trust by 30.2% during the 1st quarter. FMR LLC now owns 1,822,600 shares of the real estate investment trust’s stock valued at $57,010,000 after acquiring an additional 422,859 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in shares of Washington Real Estate Investment Trust during the 1st quarter valued at about $11,051,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Washington Real Estate Investment Trust (WRE) opened at 33.03 on Tuesday. The firm’s 50-day moving average price is $32.82 and its 200-day moving average price is $32.26. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96. The stock has a market cap of $2.54 billion, a P/E ratio of 24.98 and a beta of 0.97.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 90.23%.

Several equities research analysts recently issued reports on WRE shares. BidaskClub raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and issued a $33.00 target price on shares of Washington Real Estate Investment Trust in a report on Thursday, September 21st. Finally, Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Washington Real Estate Investment Trust has an average rating of “Buy” and a consensus 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.

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

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