Today: The Washington Real Estate Investment Trust (WRE) Position Lowered by Teacher Retirement System of Texas

The Washington Real Estate Investment Trust (WRE) Position Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 94.1% during the second quarter, Holdings Channel reports. The institutional investor owned 10,275 shares of the real estate investment trust’s stock after selling 163,880 shares during the period. Teacher Retirement System of Texas’ holdings in Washington Real Estate Investment Trust were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WRE. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Washington Real Estate Investment Trust by 18.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,065 shares of the real estate investment trust’s stock worth $703,000 after buying an additional 3,716 shares in the last quarter. Barclays PLC increased its position in shares of Washington Real Estate Investment Trust by 7.6% in the first quarter. Barclays PLC now owns 47,821 shares of the real estate investment trust’s stock worth $1,387,000 after buying an additional 3,388 shares in the last quarter. Chilton Capital Management LLC increased its position in shares of Washington Real Estate Investment Trust by 16.7% in the first quarter. Chilton Capital Management LLC now owns 203,685 shares of the real estate investment trust’s stock worth $5,950,000 after buying an additional 29,094 shares in the last quarter. Legal & General Group Plc increased its position in shares of 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, Geode Capital Management LLC increased its position in shares of Washington Real Estate Investment Trust by 7.5% in the first quarter. Geode Capital Management LLC now owns 553,371 shares of the real estate investment trust’s stock worth $16,163,000 after buying an additional 38,625 shares in the last quarter. 84.11% of the stock is currently owned by institutional investors.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at 30.01 on Friday. Washington Real Estate Investment Trust has a 52 week low of $23.89 and a 52 week high of $34.61. The stock has a market capitalization of $2.21 billion, a P/E ratio of 21.44 and a beta of 0.80. The stock has a 50 day moving average price of $31.06 and a 200 day moving average price of $30.84.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. Washington Real Estate Investment Trust had a return on equity of 11.37% and a net margin of 30.90%. The firm had revenue of $79.41 million for the quarter, compared to analysts’ expectations of $77.74 million. During the same period last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Washington Real Estate Investment Trust will post $1.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.99%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 86.33%.

A number of brokerages have recently issued reports on WRE. Zacks Investment Research raised 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 Tuesday, July 26th. Robert W. Baird downgraded Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $32.00 to $35.00 in a research note on Wednesday, August 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Washington Real Estate Investment Trust has a consensus rating of “Hold” and an average target price 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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