Citadel Advisors LLC Purchases Shares of 6,350 Washington Real Estate Investment Trust (WRE)

Citadel Advisors LLC purchased a new stake in Washington Real Estate Investment Trust (NYSE:WRE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,350 shares of the real estate investment trust’s stock, valued at approximately $203,000.

A number of other large investors have also recently added to or reduced their stakes in WRE. BlackRock Inc. boosted its position in Washington Real Estate Investment Trust by 6,009.6% in the first quarter. BlackRock Inc. now owns 6,664,532 shares of the real estate investment trust’s stock valued at $208,468,000 after buying an additional 6,555,449 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Washington Real Estate Investment Trust by 285.3% in the second quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock valued at $76,591,000 after buying an additional 1,777,764 shares in the last quarter. FMR LLC boosted its position in Washington Real Estate Investment Trust by 28.3% in the second quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock valued at $74,601,000 after buying an additional 516,000 shares in the last quarter. Vanguard Group Inc. boosted its position in Washington Real Estate Investment Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock valued at $370,595,000 after buying an additional 444,191 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Washington Real Estate Investment Trust by 33.1% in the second quarter. Renaissance Technologies LLC now owns 1,408,500 shares of the real estate investment trust’s stock valued at $44,931,000 after buying an additional 350,200 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Washington Real Estate Investment Trust (NYSE:WRE) opened at 33.44 on Friday. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 25.30 and a beta of 0.97. Washington Real Estate Investment Trust has a 12 month low of $27.65 and a 12 month high of $33.96. The stock’s 50 day moving average is $32.90 and its 200-day moving average is $32.38.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.20 annualized dividend and a yield of 3.59%. Washington Real Estate Investment Trust’s dividend payout ratio is presently 90.23%.

WRE has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Thursday, October 5th. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $34.58.

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

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