Washington Real Estate Investment Trust (NYSE:WRE) Shares Sold by New York State Common Retirement Fund

August 17, 2022 Beth McCandry

New York State Common Retirement Fund trimmed its holdings in shares of Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,300 shares of the real estate investment trust’s stock after selling 695 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Washington Real Estate Investment Trust worth $1,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Washington Real Estate Investment Trust by 232.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,693 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,183 shares during the period. HighTower Advisors LLC acquired a new stake in Washington Real Estate Investment Trust during the 4th quarter valued at approximately $212,000. Inspire Investing LLC acquired a new stake in Washington Real Estate Investment Trust during the 1st quarter valued at approximately $235,000. Groesbeck Investment Management Corp NJ acquired a new stake in Washington Real Estate Investment Trust during the 1st quarter valued at approximately $255,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Washington Real Estate Investment Trust by 35.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,790 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 2,822 shares during the period. 90.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WRE has been the subject of several recent research reports. StockNews.com raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. cut their target price on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. Wells Fargo & Company cut their target price on shares of 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. Finally, The Street lowered shares of Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a report on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.25.

Washington Real Estate Investment Trust Price Performance

Shares of NYSE WRE opened at $21.64 on Wednesday. The firm has a market cap of $1.89 billion, a PE ratio of 216.40 and a beta of 0.85. The firm has a fifty day moving average of $21.56 and a 200 day moving average of $23.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.59 and a current ratio of 1.59. Washington Real Estate Investment Trust has a one year low of $20.06 and a one year high of $26.79.

Washington Real Estate Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 21st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.14%. The ex-dividend date is Tuesday, September 20th. Washington Real Estate Investment Trust’s payout ratio is currently 680.00%.

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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