Washington Real Estate Investment Trust (WRE) Shares Bought by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 94,417 shares of the real estate investment trust’s stock after buying an additional 700 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. owned about 0.12% of Washington Real Estate Investment Trust worth $2,953,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WRE. Stratos Wealth Partners LTD. boosted its position in Washington Real Estate Investment Trust by 1.3% in the third quarter. Stratos Wealth Partners LTD. now owns 89,171 shares of the real estate investment trust’s stock valued at $2,775,000 after buying an additional 1,142 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Washington Real Estate Investment Trust by 1.0% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 101,150 shares of the real estate investment trust’s stock valued at $3,148,000 after buying an additional 1,000 shares in the last quarter. BlackRock Advisors LLC boosted its position in Washington Real Estate Investment Trust by 12.6% in the third quarter. BlackRock Advisors LLC now owns 38,159 shares of the real estate investment trust’s stock valued at $1,188,000 after buying an additional 4,284 shares in the last quarter. Teachers Advisors LLC boosted its position in Washington Real Estate Investment Trust by 0.8% in the third quarter. Teachers Advisors LLC now owns 118,540 shares of the real estate investment trust’s stock valued at $3,689,000 after buying an additional 923 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Washington Real Estate Investment Trust by 7.3% in the third quarter. Rhumbline Advisers now owns 97,555 shares of the real estate investment trust’s stock valued at $3,036,000 after buying an additional 6,598 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

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

Washington Real Estate Investment Trust (NYSE:WRE) traded up 0.59% during midday trading on Friday, hitting $32.42. 406,523 shares of the company traded hands. The stock’s 50-day moving average is $31.80 and its 200-day moving average is $31.58. The firm has a market capitalization of $2.49 billion, a PE 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 issued its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Washington Real Estate Investment Trust had a net margin of 55.81% and a return on equity of 19.15%. The company had revenue of $77.50 million during the quarter, compared to the consensus estimate of $77.54 million. Analysts anticipate that Washington Real Estate Investment Trust will post $0.36 EPS for the current fiscal 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, June 13th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 48.98%.

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Several equities analysts have recently commented on WRE shares. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 25th. Stifel Nicolaus boosted 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 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 report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Washington Real Estate Investment Trust has a consensus rating of “Buy” and a consensus target price 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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