Washington Real Estate Investment Trust (NYSE:WRE) Shares Bought by GAM Holding AG

GAM Holding AG boosted its stake in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,535 shares of the real estate investment trust’s stock after acquiring an additional 313 shares during the quarter. GAM Holding AG’s holdings in Washington Real Estate Investment Trust were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Symons Capital Management Inc. increased its position in shares of Washington Real Estate Investment Trust by 50.2% in the second quarter. Symons Capital Management Inc. now owns 16,900 shares of the real estate investment trust’s stock valued at $539,000 after buying an additional 5,645 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Washington Real Estate Investment Trust by 65.1% in the second quarter. Federated Investors Inc. PA now owns 441,063 shares of the real estate investment trust’s stock valued at $14,070,000 after buying an additional 173,968 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Washington Real Estate Investment Trust by 20.5% in the second quarter. BNP Paribas Arbitrage SA now owns 33,693 shares of the real estate investment trust’s stock valued at $1,075,000 after buying an additional 5,729 shares in the last quarter. Legal & General Group Plc increased its position in shares of Washington Real Estate Investment Trust by 5.8% in the second quarter. Legal & General Group Plc now owns 219,509 shares of the real estate investment trust’s stock valued at $7,004,000 after buying an additional 12,002 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 worth $76,591,000 after acquiring an additional 1,777,764 shares during the last quarter. Institutional investors own 84.87% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Finally, BidaskClub lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Washington Real Estate Investment Trust currently has an average rating of “Buy” and a consensus target price of $33.92.

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Washington Real Estate Investment Trust (WRE) opened at 32.60 on Friday. Washington Real Estate Investment Trust has a 52 week low of $27.65 and a 52 week high of $33.96. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 24.66 and a beta of 0.97. The stock has a 50 day moving average price of $32.86 and a 200 day moving average price of $32.14.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, September 14th. Washington Real Estate Investment Trust’s payout ratio is currently 90.23%.

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.

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

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