Thornburg Investment Management Inc. Sells 320,258 Shares of Washington Real Estate Investment Trust (WRE)

Thornburg Investment Management Inc. reduced its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,326,587 shares of the real estate investment trust’s stock after selling 320,258 shares during the period. Washington Real Estate Investment Trust accounts for 1.1% of Thornburg Investment Management Inc.’s portfolio, making the stock its 29th largest position. Thornburg Investment Management Inc. owned 5.63% of Washington Real Estate Investment Trust worth $135,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Independent Advisor Alliance acquired a new position in shares of Washington Real Estate Investment Trust during the fourth quarter valued at about $104,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Washington Real Estate Investment Trust by 7.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 368 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Washington Real Estate Investment Trust by 29.5% in the first quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 1,300 shares in the last quarter. Creative Planning increased its stake in shares of Washington Real Estate Investment Trust by 109.9% in the first quarter. Creative Planning now owns 6,261 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 3,278 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Washington Real Estate Investment Trust by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 6,820 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 100 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Washington Real Estate Investment Trust (NYSE:WRE)

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded up 0.59% during mid-day trading on Friday, hitting $32.42. 406,523 shares of the company were exchanged. The firm has a 50 day moving average of $31.80 and a 200 day moving average of $31.58. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 19.40 and a beta of 0.89. Washington Real Estate Investment Trust has a 12-month low of $27.65 and a 12-month high of $34.61.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The business had revenue of $77.50 million for the quarter, compared to analysts’ expectations of $77.54 million. Washington Real Estate Investment Trust had a return on equity of 19.15% and a net margin of 55.81%. Equities research analysts forecast that Washington Real Estate Investment Trust will post $0.36 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Tuesday, June 13th. Washington Real Estate Investment Trust’s payout ratio is 48.98%.

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WRE has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 25th. Stifel Nicolaus increased their price target on shares of Washington Real Estate Investment Trust from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, February 22nd. Finally, Robert W. Baird upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $33.92.

Washington Real Estate Investment Trust Company Profile

Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. The Company’s business consists of the ownership and operation of real property in the greater Washington metro region. The Company owns a diversified portfolio of office buildings, multifamily buildings and retail centers.

12 Month Chart for NYSE:WRE

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