State of Alaska Department of Revenue Has $2.61 Million Stock Holdings in Washington Real Estate Investment Trust (NYSE:WRE)
State of Alaska Department of Revenue lowered its position in shares of Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) by 0.9% in the first quarter, HoldingsChannel reports. The fund owned 102,375 shares of the real estate investment trust’s stock after selling 920 shares during the period. State of Alaska Department of Revenue’s holdings in Washington Real Estate Investment Trust were worth $2,609,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of WRE. Allspring Global Investments Holdings LLC acquired a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter valued at approximately $47,217,000. Schroder Investment Management Group increased its stake in Washington Real Estate Investment Trust by 12.5% in the 4th quarter. Schroder Investment Management Group now owns 1,832,975 shares of the real estate investment trust’s stock valued at $47,382,000 after buying an additional 204,186 shares during the last quarter. State Street Corp increased its stake in Washington Real Estate Investment Trust by 3.6% in the 4th quarter. State Street Corp now owns 4,630,567 shares of the real estate investment trust’s stock valued at $120,484,000 after buying an additional 161,638 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Washington Real Estate Investment Trust by 42.5% during the 4th quarter. JPMorgan Chase & Co. now owns 509,089 shares of the real estate investment trust’s stock worth $13,160,000 after buying an additional 151,838 shares in the last quarter. Finally, Asset Management One Co.Ltd. boosted its stake in shares of Washington Real Estate Investment Trust by 34.6% during the 4th quarter. Asset Management One Co.Ltd. now owns 305,437 shares of the real estate investment trust’s stock worth $7,886,000 after buying an additional 78,566 shares during the last quarter. 90.75% of the stock is owned by institutional investors.
Shares of WRE stock opened at $21.31 on Friday. Washington Real Estate Investment Trust has a 52-week low of $21.13 and a 52-week high of $26.79. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 177.58 and a beta of 0.85. The firm’s 50-day moving average is $23.33 and its 200-day moving average is $24.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.72 and a current ratio of 4.72.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 22nd will be paid a $0.17 dividend. The ex-dividend date is Tuesday, June 21st. This represents a $0.68 annualized dividend and a yield of 3.19%. Washington Real Estate Investment Trust’s dividend payout ratio is 566.67%.
Several analysts recently issued reports on the company. StockNews.com initiated coverage on Washington Real Estate Investment Trust in a report on Thursday, March 31st. They set a “sell” rating on the stock. JPMorgan Chase & Co. dropped their price objective on Washington Real Estate Investment Trust from $26.00 to $24.00 in a research note on Tuesday, June 14th.
Washington Real Estate Investment Trust Profile (Get Rating)
WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company’s portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units.
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