Trade Report: Today, Nationwide Fund Advisors invests in 366 by buying Washington Real Estate Investment Trust (WRE) shares

Today, Nationwide Fund Advisors invests in 366 by buying Washington Real Estate Investment Trust (WRE) shares

Nationwide Fund Advisors increased its position in Washington Real Estate Investment Trust (NYSE:WRE) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 54,366 shares of the real estate investment trust’s stock after buying an additional 366 shares during the period. Nationwide Fund Advisors owned 0.07% of Washington Real Estate Investment Trust worth $1,692,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA bought a new stake in Washington Real Estate Investment Trust during the second quarter worth approximately $106,000. Creative Planning boosted its stake in Washington Real Estate Investment Trust by 1.0% in the second quarter. Creative Planning now owns 4,189 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 40 shares in the last quarter. Strs Ohio boosted its stake in Washington Real Estate Investment Trust by 6.2% in the second quarter. Strs Ohio now owns 134,842 shares of the real estate investment trust’s stock worth $4,242,000 after buying an additional 7,860 shares in the last quarter. Legal & General Group Plc boosted its stake in Washington Real Estate Investment Trust by 4.2% in the first quarter. Legal & General Group Plc now owns 162,714 shares of the real estate investment trust’s stock worth $4,753,000 after buying an additional 6,523 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Washington Real Estate Investment Trust by 599.0% in the second quarter. First Trust Advisors LP now owns 198,469 shares of the real estate investment trust’s stock worth $6,244,000 after buying an additional 170,076 shares in the last quarter. Hedge funds and other institutional investors own 85.26% of the company’s stock.

Washington Real Estate Investment Trust (NYSE:WRE) traded up 0.71% during mid-day trading on Friday, reaching $31.09. The company’s stock had a trading volume of 117,599 shares. The firm has a 50-day moving average of $29.62 and a 200 day moving average of $30.96. Washington Real Estate Investment Trust has a 1-year low of $23.89 and a 1-year high of $34.61. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.50 and a beta of 0.92.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Wednesday, December 21st will be paid a $0.30 dividend. The ex-dividend date is Monday, December 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.86%. Washington Real Estate Investment Trust’s payout ratio is 48.98%.

WRE has been the subject of a number of recent research reports. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, October 6th. Robert W. Baird cut Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $32.00 to $35.00 in a research report on Wednesday, August 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $32.75.

About Washington Real Estate Investment Trust

Washington Real Estate Investment Trust is a self-administered, self-managed equity real estate investment trust. The Company’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. The Company’s three segments include office, retail and multifamily.

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