State Board of Administration of Florida Retirement System Sells 860 Shares of Washington Real Estate Investment Trust (NYSE:WRE)

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State Board of Administration of Florida Retirement System lessened its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 1.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,440 shares of the real estate investment trust’s stock after selling 860 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.08% of Washington Real Estate Investment Trust worth $1,886,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Washington Real Estate Investment Trust during the 4th quarter valued at approximately $22,822,000. Victory Capital Management Inc. lifted its stake in Washington Real Estate Investment Trust by 13.0% in the 1st quarter. Victory Capital Management Inc. now owns 3,383,580 shares of the real estate investment trust’s stock worth $96,026,000 after purchasing an additional 388,625 shares in the last quarter. BlackRock Inc. lifted its stake in Washington Real Estate Investment Trust by 4.3% in the 4th quarter. BlackRock Inc. now owns 8,294,802 shares of the real estate investment trust’s stock worth $190,781,000 after purchasing an additional 342,603 shares in the last quarter. Pennsylvania Trust Co purchased a new stake in Washington Real Estate Investment Trust in the 1st quarter worth approximately $35,862,000. Finally, First Trust Advisors LP lifted its stake in Washington Real Estate Investment Trust by 26.6% in the 4th quarter. First Trust Advisors LP now owns 1,014,509 shares of the real estate investment trust’s stock worth $23,334,000 after purchasing an additional 212,904 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Shares of Washington Real Estate Investment Trust stock opened at $27.40 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 15.46 and a beta of 0.94. Washington Real Estate Investment Trust has a 52-week low of $22.53 and a 52-week high of $31.85.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting the 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 business had revenue of $83.20 million during the quarter, compared to analysts’ expectations of $82.12 million. During the same period in the previous year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, research analysts predict that Washington Real Estate Investment Trust will post 1.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.20 annualized dividend and a yield of 4.38%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 64.52%.

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

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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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