Great West Life Assurance Co. Can Purchases 5,726 Shares of Washington Real Estate Investment Trust (WRE)

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Great West Life Assurance Co. Can increased its position in Washington Real Estate Investment Trust (NYSE:WRE) by 11.9% during the first quarter, HoldingsChannel reports. The firm owned 53,724 shares of the real estate investment trust’s stock after buying an additional 5,726 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Washington Real Estate Investment Trust were worth $1,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Washington Real Estate Investment Trust by 1,321.4% in the 1st quarter. JPMorgan Chase & Co. now owns 529,192 shares of the real estate investment trust’s stock worth $14,448,000 after purchasing an additional 491,961 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Washington Real Estate Investment Trust by 0.9% in the 1st quarter. BlackRock Inc. now owns 7,570,913 shares of the real estate investment trust’s stock worth $206,686,000 after purchasing an additional 69,868 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Washington Real Estate Investment Trust by 3.6% in the 1st quarter. Northern Trust Corp now owns 1,890,886 shares of the real estate investment trust’s stock worth $51,620,000 after purchasing an additional 65,707 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Washington Real Estate Investment Trust by 52.5% in the 1st quarter. Private Advisor Group LLC now owns 22,588 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 7,781 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Washington Real Estate Investment Trust in the 1st quarter worth $2,790,000. Institutional investors own 84.39% of the company’s stock.

Shares of Washington Real Estate Investment Trust opened at $29.25 on Tuesday, MarketBeat.com reports. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.25. Washington Real Estate Investment Trust has a 1-year low of $24.92 and a 1-year high of $33.96. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 16.07 and a beta of 0.77.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Washington Real Estate Investment Trust had a net margin of 4.91% and a return on equity of 1.49%. The company had revenue of $84.88 million for the quarter, compared to the consensus estimate of $83.15 million. During the same quarter last year, the business posted $0.44 earnings per share. Washington Real Estate Investment Trust’s revenue was up 9.5% on a year-over-year basis. sell-side analysts forecast that Washington Real Estate Investment Trust will post 1.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, June 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 65.93%.

WRE has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Washington Real Estate Investment Trust from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, April 10th. ValuEngine cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $28.00 target price on shares of Washington Real Estate Investment Trust in a report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Washington Real Estate Investment Trust has an average rating of “Hold” and a consensus price target of $31.40.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 49 properties consists of approximately 6.4 million square feet of commercial space and 4,268 multifamily apartment units. These 49 properties consist of 20 office properties, 16 retail centers and 13 multifamily properties.

Want to see what other hedge funds are holding WRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Real Estate Investment Trust (NYSE:WRE).

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

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