Bank of New York Mellon Corp lowered its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 38.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,471,376 shares of the real estate investment trust’s stock after selling 929,586 shares during the period. Bank of New York Mellon Corp owned 1.88% of Washington Real Estate Investment Trust worth $48,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Washington Real Estate Investment Trust by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,945,059 shares of the real estate investment trust’s stock worth $381,047,000 after purchasing an additional 97,373 shares during the last quarter. BlackRock Inc. increased its position in shares of Washington Real Estate Investment Trust by 4.0% in the 2nd quarter. BlackRock Inc. now owns 6,931,674 shares of the real estate investment trust’s stock worth $221,122,000 after purchasing an additional 267,142 shares during the last quarter. State Street Corp increased its position in shares of Washington Real Estate Investment Trust by 5.3% in the 2nd quarter. State Street Corp now owns 2,576,796 shares of the real estate investment trust’s stock worth $82,200,000 after purchasing an additional 130,030 shares during the last quarter. FMR LLC increased its position in shares of Washington Real Estate Investment Trust by 28.3% in the 2nd quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock worth $74,601,000 after purchasing an additional 516,000 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Washington Real Estate Investment Trust by 17.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,124,267 shares of the real estate investment trust’s stock worth $69,591,000 after purchasing an additional 314,925 shares during the last quarter. 85.55% of the stock is owned by institutional investors.

Shares of Washington Real Estate Investment Trust (WRE) traded down $0.04 during trading hours on Tuesday, hitting $32.21. 497,100 shares of the company were exchanged, compared to its average volume of 364,794. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a twelve month low of $29.90 and a twelve month high of $33.96. The company has a market cap of $2,530.50, a P/E ratio of 17.82, a PEG ratio of 17.75 and a beta of 0.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio is presently 400.00%.

Several research firms have recently weighed in on WRE. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Capital One Financial reaffirmed an “overweight” rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. TheStreet downgraded shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. Finally, SunTrust Banks set a $33.00 price objective on shares of Washington Real Estate Investment Trust and gave the company a “hold” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Washington Real Estate Investment Trust currently has a consensus rating of “Buy” and an average price target of $34.75.

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Washington Real Estate Investment Trust 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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