Moors & Cabot Inc. Acquires 4,310 Shares of Washington Real Estate Investment Trust (NYSE:WRE)

Moors & Cabot Inc. grew its holdings in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 6.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,426 shares of the real estate investment trust’s stock after buying an additional 4,310 shares during the period. Moors & Cabot Inc. owned approximately 0.10% of Washington Real Estate Investment Trust worth $2,085,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in shares of Washington Real Estate Investment Trust during the second quarter worth approximately $35,000. Tower Research Capital LLC TRC acquired a new position in shares of Washington Real Estate Investment Trust during the second quarter worth approximately $38,000. North Star Investment Management Corp. acquired a new position in shares of Washington Real Estate Investment Trust during the third quarter worth approximately $53,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Washington Real Estate Investment Trust during the second quarter worth approximately $85,000. Finally, Advisory Services Network LLC raised its position in shares of Washington Real Estate Investment Trust by 654.5% during the second quarter. Advisory Services Network LLC now owns 3,184 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 2,762 shares during the period. Hedge funds and other institutional investors own 89.46% of the company’s stock.

Separately, Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $28.80.

Shares of NYSE:WRE traded down $0.08 during trading on Tuesday, reaching $29.25. 12,778 shares of the stock were exchanged, compared to its average volume of 314,198. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.17 and a quick ratio of 1.17. Washington Real Estate Investment Trust has a 1-year low of $22.53 and a 1-year high of $29.63. The stock has a fifty day moving average of $27.68 and a two-hundred day moving average of $27.43. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 16.82 and a beta of 0.91.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.44). Washington Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 2.51%. The firm had revenue of $76.82 million for the quarter, compared to analyst estimates of $85.76 million. During the same period in the previous year, the company earned $0.48 earnings per share. Washington Real Estate Investment Trust’s revenue for the quarter was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that Washington Real Estate Investment Trust will post 1.72 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Friday, September 13th. Washington Real Estate Investment Trust’s payout ratio is currently 64.52%.

Washington Real Estate Investment Trust Company Profile

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

See Also: P/E Growth (PEG)

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

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