Washington Real Estate Investment Trust (NYSE:WRE) Shares Purchased by Fmr LLC

FMR LLC raised its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,552,831 shares of the real estate investment trust’s stock after purchasing an additional 239,296 shares during the quarter. FMR LLC owned about 5.69% of Washington Real Estate Investment Trust worth $129,208,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WRE. LS Investment Advisors LLC purchased a new stake in Washington Real Estate Investment Trust during the first quarter worth $67,000. D Orazio & Associates Inc. purchased a new position in Washington Real Estate Investment Trust during the first quarter valued at $85,000. Quadrant Capital Group LLC lifted its holdings in 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 valued at $91,000 after purchasing an additional 2,476 shares in the last quarter. Advisor Group Inc. raised its position in shares of Washington Real Estate Investment Trust by 48.9% in the fourth quarter. Advisor Group Inc. now owns 5,290 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 1,737 shares during the last quarter. Finally, FCA Corp TX acquired a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter valued at about $138,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

WRE stock traded up $0.01 during midday trading on Thursday, reaching $27.52. 463,400 shares of the company were exchanged, compared to its average volume of 705,780. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.24. Washington Real Estate Investment Trust has a 1-year low of $22.53 and a 1-year high of $31.85. The company’s 50-day moving average price is $27.37. The company has a market capitalization of $2.22 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 16.11 and a beta of 0.90.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $82.12 million. Washington Real Estate Investment Trust had a net margin of 5.35% and a return on equity of 1.68%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS. As a group, sell-side analysts predict that Washington Real Estate Investment Trust will post 1.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.20 annualized dividend and a yield of 4.36%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 64.52%.

Separately, Robert W. Baird assumed coverage on shares of Burlington Stores in a research report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.80.

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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