Ameritas Investment Partners Inc. continued to hold its position in Washington Real Estate Investment Trust (NYSE:WRE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,344 shares of the real estate investment trust’s stock at the end of the first quarter. Ameritas Investment Partners Inc.’s holdings in Washington Real Estate Investment Trust were worth $198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in Washington Real Estate Investment Trust by 1.5% in the fourth quarter. State Street Corp now owns 2,420,557 shares of the real estate investment trust’s stock valued at $79,121,000 after buying an additional 35,242 shares during the period. Creative Planning raised its position in Washington Real Estate Investment Trust by 109.9% in the first quarter. Creative Planning now owns 6,261 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 3,278 shares during the period. Russell Investments Group Ltd. acquired a new position in Washington Real Estate Investment Trust during the fourth quarter valued at about $5,983,000. FMR LLC acquired a new position in Washington Real Estate Investment Trust during the fourth quarter valued at about $45,757,000. Finally, Credit Agricole S A raised its position in Washington Real Estate Investment Trust by 16.0% in the fourth quarter. Credit Agricole S A now owns 46,751 shares of the real estate investment trust’s stock valued at $1,529,000 after buying an additional 6,459 shares during the period. Hedge funds and other institutional investors own 82.96% of the company’s stock.

Institutional Ownership by Quarter for Washington Real Estate Investment Trust (NYSE:WRE)

Washington Real Estate Investment Trust (WRE) opened at 32.18 on Friday. The stock has a market capitalization of $2.47 billion, a PE ratio of 19.26 and a beta of 0.95. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $34.61. The firm’s 50-day moving average is $32.09 and its 200 day moving average is $32.00.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Washington Real Estate Investment Trust had a net margin of 39.41% and a return on equity of 11.93%. The firm had revenue of $77.50 million during the quarter, compared to the consensus estimate of $77.54 million. On average, equities analysts forecast that Washington Real Estate Investment Trust will post $0.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.73%. The ex-dividend date is Tuesday, June 13th. Washington Real Estate Investment Trust’s payout ratio is presently 71.86%.

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WRE has been the topic of several recent research reports. Stifel Nicolaus lifted their price target on shares of Washington Real Estate Investment Trust from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 25th. Finally, Robert W. Baird upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Tuesday, May 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Washington Real Estate Investment Trust has a consensus rating of “Buy” and a consensus target price of $33.92.

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.

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