Principal Financial Group Inc. decreased its position in Washington Real Estate Investment Trust (NYSE:WRE) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,794 shares of the real estate investment trust’s stock after selling 2,770 shares during the quarter. Principal Financial Group Inc.’s holdings in Washington Real Estate Investment Trust were worth $419,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Washington Real Estate Investment Trust by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 570 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Washington Real Estate Investment Trust in the 2nd quarter valued at approximately $203,000. GAM Holding AG grew its stake in shares of 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 buying an additional 313 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Washington Real Estate Investment Trust by 6.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 437 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Washington Real Estate Investment Trust by 21.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,900 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 1,200 shares in the last quarter. 85.55% of the stock is owned by institutional investors and hedge funds.

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

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded up $0.22 during trading on Friday, reaching $32.56. The company’s stock had a trading volume of 765,290 shares, compared to its average volume of 326,252. The company has a market capitalization of $2,570.00, a PE ratio of 17.87, a P/E/G ratio of 17.80 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a 52-week low of $29.90 and a 52-week high of $33.96.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.69%. Washington Real Estate Investment Trust’s payout ratio is currently 400.00%.

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About Washington Real Estate Investment Trust

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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