Washington Real Estate Investment Trust (WRE) Stake Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 174.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,996 shares of the real estate investment trust’s stock after acquiring an additional 15,901 shares during the quarter. SG Americas Securities LLC’s holdings in Washington Real Estate Investment Trust were worth $819,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 valued at $381,047,000 after buying an additional 97,373 shares during the period. BlackRock Inc. increased its stake in 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 valued at $221,122,000 after buying an additional 267,142 shares during the period. State Street Corp increased its stake in 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 valued at $82,200,000 after buying an additional 130,030 shares during the period. Bank of New York Mellon Corp increased its stake in Washington Real Estate Investment Trust by 285.3% in 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 buying an additional 1,777,764 shares during the period. Finally, FMR LLC increased its stake in 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 valued at $74,601,000 after buying an additional 516,000 shares during the period. Institutional investors and hedge funds own 85.55% of the company’s stock.

WRE has been the topic of several research reports. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Thursday, October 5th. TheStreet lowered shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Thursday, September 21st. SunTrust Banks set a $33.00 price target on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Robert W. Baird restated an “outperform” rating and set a $34.00 price target on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.75.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded down $0.04 on Tuesday, hitting $32.21. 497,100 shares of the stock traded hands, compared to its average volume of 364,794. Washington Real Estate Investment Trust has a 52 week low of $29.90 and a 52 week high of $33.96. The firm has a market cap of $2,530.50, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 17.75 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05.

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