Vident Investment Advisory LLC Buys 930 Shares of Washington Real Estate Investment Trust (NYSE:WRE)

Vident Investment Advisory LLC lifted its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,166 shares of the real estate investment trust’s stock after buying an additional 930 shares during the period. Vident Investment Advisory LLC’s holdings in Washington Real Estate Investment Trust were worth $878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WRE. FMR LLC increased its position in shares of Washington Real Estate Investment Trust by 26.1% during the second quarter. FMR LLC now owns 7,013,645 shares of the real estate investment trust’s stock valued at $161,314,000 after purchasing an additional 1,449,506 shares during the period. Schroder Investment Management Group raised its position in Washington Real Estate Investment Trust by 33.5% in the first quarter. Schroder Investment Management Group now owns 2,489,297 shares of the real estate investment trust’s stock worth $55,013,000 after purchasing an additional 625,052 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Washington Real Estate Investment Trust by 12.5% during the first quarter. Janus Henderson Group PLC now owns 1,679,610 shares of the real estate investment trust’s stock worth $37,161,000 after purchasing an additional 186,571 shares during the period. Clean Yield Group bought a new stake in shares of Washington Real Estate Investment Trust in the 2nd quarter valued at approximately $3,742,000. Finally, Nuveen Asset Management LLC lifted its position in shares of Washington Real Estate Investment Trust by 9.8% during the 1st quarter. Nuveen Asset Management LLC now owns 1,538,164 shares of the real estate investment trust’s stock worth $33,993,000 after buying an additional 137,223 shares during the period. Hedge funds and other institutional investors own 88.91% of the company’s stock.

Washington Real Estate Investment Trust stock opened at $25.71 on Thursday. The stock has a 50-day simple moving average of $24.97 and a 200 day simple moving average of $24.12. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -107.13 and a beta of 0.92. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.77. Washington Real Estate Investment Trust has a 12-month low of $16.95 and a 12-month high of $27.05.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.17). Washington Real Estate Investment Trust had a negative net margin of 7.88% and a negative return on equity of 2.30%. As a group, sell-side analysts anticipate that Washington Real Estate Investment Trust will post 1.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 5th. Investors of record on Wednesday, September 22nd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Tuesday, September 21st. Washington Real Estate Investment Trust’s dividend payout ratio is currently 46.90%.

Several equities research analysts have recently commented on WRE shares. Raymond James downgraded shares of Washington Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 17th. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 15th. Wells Fargo & Company upped their price objective on shares of Washington Real Estate Investment Trust from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 30th. Finally, BTIG Research initiated coverage on shares of Washington Real Estate Investment Trust in a research note on Friday, October 1st. They issued a “buy” rating and a $28.50 target price for the company. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.13.

About Washington Real Estate Investment Trust

Washington Real Estate Investment Trust engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office and Multifamily. The Office segment provides office space for various types of businesses and professions. The Multifamily segment provides rental housing for individuals and families throughout Washington metro region.

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

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