SG Americas Securities LLC Increases Stock Holdings in Washington Real Estate Investment Trust (NYSE:WRE)
SG Americas Securities LLC lifted its stake in Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) by 4.4% in the first quarter, Holdings Channel.com reports. The firm owned 65,812 shares of the real estate investment trust’s stock after buying an additional 2,779 shares during the period. SG Americas Securities LLC’s holdings in Washington Real Estate Investment Trust were worth $1,678,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Investing LLC purchased a new position in shares of Washington Real Estate Investment Trust in the 1st quarter worth approximately $235,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Washington Real Estate Investment Trust by 5.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,290 shares of the real estate investment trust’s stock valued at $628,000 after acquiring an additional 1,206 shares during the period. Nomura Asset Management Co.Ltd. boosted its holdings in Washington Real Estate Investment Trust by 2.9% during the 4th quarter. Nomura Asset Management Co.Ltd. now owns 70,730 shares of the real estate investment trust’s stock valued at $1,828,000 after acquiring an additional 2,000 shares during the period. Vert Asset Management LLC purchased a new position in Washington Real Estate Investment Trust during the 4th quarter valued at $291,000. Finally, Cim Investment Management Inc. boosted its holdings in Washington Real Estate Investment Trust by 100.0% during the 4th quarter. Cim Investment Management Inc. now owns 19,478 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 9,739 shares during the period. Hedge funds and other institutional investors own 90.75% of the company’s stock.
Analyst Rating Changes
A number of equities analysts recently issued reports on WRE shares. The Street cut Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a report on Wednesday, July 6th. Wells Fargo & Company dropped their price objective on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, July 1st. StockNews.com started coverage on Washington Real Estate Investment Trust in a report on Thursday, March 31st. They set a “sell” rating for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.25.
Washington Real Estate Investment Trust Price Performance
Shares of WRE stock opened at $21.43 on Wednesday. Washington Real Estate Investment Trust has a twelve month low of $20.06 and a twelve month high of $26.79. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 178.58 and a beta of 0.87. The stock has a fifty day simple moving average of $22.34 and a two-hundred day simple moving average of $23.73. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 0.38.
Washington Real Estate Investment Trust Profile
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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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