Los Angeles Capital Management & Equity Research Inc. Takes Position in Washington Real Estate Investment Trust (WRE)

Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) during the first quarter, HoldingsChannel.com reports. The fund bought 17,150 shares of the real estate investment trust’s stock, valued at approximately $487,000.

Several other large investors have also made changes to their positions in the company. Advisor Group Inc. lifted its holdings in Washington Real Estate Investment Trust by 48.9% in the 4th quarter. Advisor Group Inc. now owns 5,290 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 1,737 shares in the last quarter. Nordea Investment Management AB purchased a new position in Washington Real Estate Investment Trust in the 4th quarter valued at $3,576,000. Louisiana State Employees Retirement System purchased a new position in Washington Real Estate Investment Trust in the 1st quarter valued at $849,000. Strs Ohio lifted its holdings in Washington Real Estate Investment Trust by 7.5% in the 4th quarter. Strs Ohio now owns 138,959 shares of the real estate investment trust’s stock valued at $3,196,000 after purchasing an additional 9,745 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in Washington Real Estate Investment Trust by 23.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 18,588 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Shares of WRE stock opened at $27.59 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 15.64 and a beta of 0.96. Washington Real Estate Investment Trust has a fifty-two week low of $22.53 and a fifty-two week high of $31.85.

Washington Real Estate Investment Trust (NYSE:WRE) last posted 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. Washington Real Estate Investment Trust had a return on equity of 1.68% and a net margin of 5.35%. The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $82.12 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Sell-side analysts expect that Washington Real Estate Investment Trust will post 1.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 4.35%. Washington Real Estate Investment Trust’s dividend payout ratio is presently 64.52%.

WRE has been the topic of a number of research reports. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Wells Fargo & Co decreased their price objective on Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating on the stock in a report on Wednesday, January 16th. Finally, Robert W. Baird lowered Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.00.

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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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