Washington Real Estate Investment Trust (WRE) Shares Bought by Credit Agricole S A

Credit Agricole S A raised its position in Washington Real Estate Investment Trust (NYSE:WRE) by 15.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,001 shares of the real estate investment trust’s stock after buying an additional 7,250 shares during the period. Credit Agricole S A owned 0.07% of Washington Real Estate Investment Trust worth $1,690,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WRE. Kempen Capital Management N.V. boosted its position in Washington Real Estate Investment Trust by 10.4% in the first quarter. Kempen Capital Management N.V. now owns 37,268 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 3,526 shares during the last quarter. AXA increased its stake in shares of Washington Real Estate Investment Trust by 16.5% in the first quarter. AXA now owns 532,754 shares of the real estate investment trust’s stock valued at $16,665,000 after buying an additional 75,354 shares during the period. Alliancebernstein L.P. increased its stake in shares of Washington Real Estate Investment Trust by 52.0% in the first quarter. Alliancebernstein L.P. now owns 721,363 shares of the real estate investment trust’s stock valued at $22,564,000 after buying an additional 246,630 shares during the period. Westpac Banking Corp increased its stake in shares of Washington Real Estate Investment Trust by 3.6% in the first quarter. Westpac Banking Corp now owns 60,800 shares of the real estate investment trust’s stock valued at $1,902,000 after buying an additional 2,100 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Washington Real Estate Investment Trust during the first quarter valued at about $329,000. Institutional investors and hedge funds own 83.22% of the company’s stock.

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

Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at 32.58 on Friday. Washington Real Estate Investment Trust has a 12-month low of $27.65 and a 12-month high of $34.61. The company has a 50 day moving average of $32.09 and a 200-day moving average of $32.03. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 19.50 and a beta of 0.95.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Washington Real Estate Investment Trust had a net margin of 39.41% and a return on equity of 11.93%. The business had revenue of $77.50 million during the quarter, compared to analysts’ expectations of $77.54 million. Analysts predict that Washington Real Estate Investment Trust will post $0.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.68%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 71.86%.

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A number of equities research analysts have recently weighed in on WRE shares. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 25th. Robert W. Baird raised shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Washington Real Estate Investment Trust has a consensus rating of “Buy” and a consensus target price of $33.92.

About Washington Real Estate Investment Trust

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.

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