Trading Report: The Vanguard Group Inc. invests in Washington Real Estate Investment Trust (WRE) Shares

The Vanguard Group Inc. invests in Washington Real Estate Investment Trust (WRE) Shares

Vanguard Group Inc. boosted its position in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 10.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,998,377 shares of the real estate investment trust’s stock after buying an additional 1,032,606 shares during the period. Vanguard Group Inc. owned approximately 14.94% of Washington Real Estate Investment Trust worth $346,009,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 13.2% in the second quarter. Principal Financial Group Inc. now owns 16,321 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 1,904 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 7.8% in the second quarter. Prudential Financial Inc. now owns 8,293 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 600 shares during the last quarter. Hancock Holding Co. purchased a new stake in shares of Washington Real Estate Investment Trust during the second quarter worth about $226,000. Dimensional Fund Advisors LP boosted its stake in shares of Washington Real Estate Investment Trust by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 915,262 shares of the real estate investment trust’s stock worth $28,793,000 after buying an additional 17,446 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 8.5% in the second quarter. UBS Asset Management Americas Inc. now owns 119,612 shares of the real estate investment trust’s stock worth $3,763,000 after buying an additional 9,407 shares during the last quarter. 84.11% of the stock is currently owned by institutional investors.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded down 0.92% on Friday, hitting $29.13. 564,864 shares of the stock traded hands. The stock has a 50 day moving average price of $31.40 and a 200-day moving average price of $30.81. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 20.81 and a beta of 0.80. Washington Real Estate Investment Trust has a 52 week low of $23.89 and a 52 week high of $34.61.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Tuesday, September 13th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 86.33%.

Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Thursday. Robert W. Baird cut shares of Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and increased their price target for the company from $32.00 to $35.00 in a report on Wednesday, August 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $32.75.

Washington Real Estate Investment Trust Company Profile

Related posts

Leave a Comment