Tibra Equities Europe Ltd Invests $502,000 in Washington Real Estate Investment Trust (WRE) Stock

Tibra Equities Europe Ltd bought a new stake in Washington Real Estate Investment Trust (NYSE:WRE) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,700 shares of the real estate investment trust’s stock, valued at approximately $502,000.

Several other institutional investors also recently modified their holdings of WRE. Norges Bank acquired a new stake in shares of Washington Real Estate Investment Trust in the 4th quarter valued at about $22,822,000. BlackRock Inc. grew its position in shares of Washington Real Estate Investment Trust by 4.3% during the 4th quarter. BlackRock Inc. now owns 8,294,802 shares of the real estate investment trust’s stock valued at $190,781,000 after buying an additional 342,603 shares during the last quarter. FMR LLC grew its position in shares of Washington Real Estate Investment Trust by 7.1% during the 3rd quarter. FMR LLC now owns 4,251,652 shares of the real estate investment trust’s stock valued at $130,314,000 after buying an additional 282,286 shares during the last quarter. First Trust Advisors LP grew its position in shares of Washington Real Estate Investment Trust by 26.6% during the 4th quarter. First Trust Advisors LP now owns 1,014,509 shares of the real estate investment trust’s stock valued at $23,334,000 after buying an additional 212,904 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Washington Real Estate Investment Trust during the 4th quarter valued at about $4,276,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Several research analysts have commented on WRE shares. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, March 8th. Wells Fargo & Co decreased their target price on shares of Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating for the company in a research report on Wednesday, January 16th. Finally, JPMorgan Chase & Co. cut shares of Washington Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a research report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.00.

Shares of NYSE:WRE opened at $28.90 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $2.31 billion, a P/E ratio of 15.54, a PEG ratio of 16.42 and a beta of 0.98. Washington Real Estate Investment Trust has a 52 week low of $22.53 and a 52 week high of $31.85.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $82.90 million during the quarter, compared to the consensus estimate of $83.63 million. Washington Real Estate Investment Trust had a net margin of 7.61% and a return on equity of 2.38%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, research analysts expect that Washington Real Estate Investment Trust will post 1.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 4.15%. Washington Real Estate Investment Trust’s dividend payout ratio is presently 64.52%.

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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.

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

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