Washington Real Estate Investment Trust (WRE) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 3.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 20,985 shares of the real estate investment trust’s stock after selling 821 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Washington Real Estate Investment Trust were worth $596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC purchased a new position in shares of Washington Real Estate Investment Trust during the first quarter worth $67,000. Quadrant Capital Group LLC boosted its position in shares of Washington Real Estate Investment Trust by 311.1% during the first quarter. Quadrant Capital Group LLC now owns 3,272 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 2,476 shares during the period. Advisor Group Inc. boosted its position in shares of Washington Real Estate Investment Trust by 48.9% during the fourth quarter. Advisor Group Inc. now owns 5,290 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 1,737 shares during the period. FCA Corp TX purchased a new position in shares of Washington Real Estate Investment Trust during the fourth quarter worth $138,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Washington Real Estate Investment Trust during the fourth quarter worth $154,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Wells Fargo & Co lowered their price target on Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating for the company in a research report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $29.00.

Shares of WRE traded up $0.23 during midday trading on Friday, hitting $27.77. 556,786 shares of the stock were exchanged, compared to its average volume of 488,035. Washington Real Estate Investment Trust has a 52-week low of $22.53 and a 52-week high of $31.85. The firm has a market cap of $2.20 billion, a P/E ratio of 14.93, a P/E/G ratio of 15.64 and a beta of 0.96. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.24.

Washington Real Estate Investment Trust (NYSE:WRE) last released its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $83.20 million during the quarter, compared to analyst estimates of $82.12 million. Washington Real Estate Investment Trust had a return on equity of 1.68% and a net margin of 5.35%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. Sell-side analysts expect that Washington Real Estate Investment Trust will post 1.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Thursday, June 13th. Washington Real Estate Investment Trust’s payout ratio is currently 64.52%.

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About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

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

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