Zurcher Kantonalbank Zurich Cantonalbank Buys 570 Shares of Washington Real Estate Investment Trust (WRE)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 10.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,043 shares of the real estate investment trust’s stock after buying an additional 570 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Washington Real Estate Investment Trust were worth $193,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. M&T Bank Corp lifted its stake in Washington Real Estate Investment Trust by 0.7% in the first quarter. M&T Bank Corp now owns 6,512 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 48 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in 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 valued at $213,000 after buying an additional 100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Washington Real Estate Investment Trust by 1.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,621 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 120 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Washington Real Estate Investment Trust by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 208 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Washington Real Estate Investment Trust by 1.5% in the first quarter. HighTower Advisors LLC now owns 20,533 shares of the real estate investment trust’s stock valued at $643,000 after buying an additional 298 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

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Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at 32.79 on Friday. Washington Real Estate Investment Trust has a 52 week low of $27.65 and a 52 week high of $33.96. The company’s 50 day moving average is $32.92 and its 200-day moving average is $32.15. The company has a market capitalization of $2.52 billion, a PE ratio of 24.80 and a beta of 0.97.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 90.23%.

A number of equities research analysts have issued reports on WRE shares. BidaskClub upgraded Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 target price on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average 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.

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

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