Citigroup Inc. Has $2.57 Million Stock Holdings in Washington Real Estate Investment Trust (NYSE:WRE)

Citigroup Inc. lifted its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 46.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,688 shares of the real estate investment trust’s stock after purchasing an additional 28,864 shares during the period. Citigroup Inc. owned 0.11% of Washington Real Estate Investment Trust worth $2,574,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WRE. Sheets Smith Wealth Management bought a new stake in Washington Real Estate Investment Trust during the 1st quarter worth about $230,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Washington Real Estate Investment Trust during the 1st quarter worth about $434,000. Pictet Asset Management Ltd. increased its stake in shares of Washington Real Estate Investment Trust by 23.8% during the 1st quarter. Pictet Asset Management Ltd. now owns 13,000 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 2,500 shares during the last quarter. BlackRock Inc. increased its stake in shares of Washington Real Estate Investment Trust by 36.7% during the 1st quarter. BlackRock Inc. now owns 11,341,017 shares of the real estate investment trust’s stock worth $321,856,000 after purchasing an additional 3,046,215 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Washington Real Estate Investment Trust by 6.5% during the 1st quarter. First Trust Advisors LP now owns 1,080,575 shares of the real estate investment trust’s stock worth $30,667,000 after purchasing an additional 66,066 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:WRE traded up $0.05 on Friday, reaching $27.57. 387,500 shares of the company’s stock were exchanged, compared to its average volume of 732,022. The company’s fifty day moving average price is $27.16. Washington Real Estate Investment Trust has a twelve month low of $22.53 and a twelve month high of $31.85. The firm has a market cap of $2.20 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 15.96 and a beta of 0.90. 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 announced its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. Washington Real Estate Investment Trust had a net margin of 5.35% and a return on equity of 1.68%. The firm had revenue of $83.20 million for the quarter, compared to analyst estimates of $82.12 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. Equities analysts predict that Washington Real Estate Investment Trust will post 1.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.35%. Washington Real Estate Investment Trust’s payout ratio is presently 64.52%.

A number of research analysts recently commented on WRE shares. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, March 8th. Robert W. Baird lowered shares of Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $28.00 in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.80.

Washington Real Estate Investment Trust Profile

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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