Bank of America Corp DE trimmed its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 6.6% during the fourth quarter, Holdings Channel reports. The fund owned 530,862 shares of the real estate investment trust’s stock after selling 37,582 shares during the quarter. Bank of America Corp DE’s holdings in Washington Real Estate Investment Trust were worth $12,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. raised its holdings in shares of Washington Real Estate Investment Trust by 48.9% during the fourth quarter. Advisor Group Inc. now owns 5,290 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 1,737 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the fourth quarter worth $154,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Washington Real Estate Investment Trust by 6.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,815 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 563 shares during the period. Jefferies Group LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the third quarter worth $286,000. Finally, Prudential Financial Inc. raised its holdings in shares of Washington Real Estate Investment Trust by 5.6% during the fourth quarter. Prudential Financial Inc. now owns 9,654 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, March 8th. Wells Fargo & Co dropped 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 report on Wednesday, January 16th. Finally, JPMorgan Chase & Co. cut shares of Washington Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.00.

Shares of NYSE:WRE opened at $28.91 on Thursday. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 16.76 and a beta of 0.98. Washington Real Estate Investment Trust has a 1-year low of $22.53 and a 1-year high of $31.85. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.37 and a current ratio of 1.37.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.15%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 64.52%.

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Washington Real Estate Investment Trust 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.

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

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