Washington Real Estate Investment Trust (WRE) Shares Sold by Klingenstein Fields & Co. LLC

Klingenstein Fields & Co. LLC reduced its position in Washington Real Estate Investment Trust (NYSE:WRE) by 38.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,263 shares of the real estate investment trust’s stock after selling 12,062 shares during the period. Klingenstein Fields & Co. LLC’s holdings in Washington Real Estate Investment Trust were worth $614,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Madden Advisory Services Inc. purchased a new position in shares of Washington Real Estate Investment Trust during the first quarter worth about $131,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Washington Real Estate Investment Trust by 7.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 368 shares during the period. Daiwa Securities Group Inc. raised its stake in Washington Real Estate Investment Trust by 29.5% in the first quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 1,300 shares during the period. Creative Planning raised its stake in Washington Real Estate Investment Trust by 109.9% in the first quarter. Creative Planning now owns 6,261 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 3,278 shares during the period. Finally, M&T Bank Corp raised its stake in Washington Real Estate Investment Trust by 0.7% in the first quarter. M&T Bank Corp now owns 6,512 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 48 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded down 0.58% during midday trading on Friday, hitting $32.52. The company had a trading volume of 463,316 shares. The firm’s 50 day moving average is $32.31 and its 200 day moving average is $32.05. The company has a market capitalization of $2.50 billion, a P/E ratio of 24.60 and a beta of 0.96. Washington Real Estate Investment Trust has a 52 week low of $27.65 and a 52 week high of $34.24.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.69%. Washington Real Estate Investment Trust’s dividend payout ratio is presently 90.23%.

COPYRIGHT VIOLATION NOTICE: “Washington Real Estate Investment Trust (WRE) Shares Sold by Klingenstein Fields & Co. LLC” was first reported by BNB Daily and is the sole property of of BNB Daily. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/14/washington-real-estate-investment-trust-wre-stake-reduced-by-klingenstein-fields-co-llc-updated.html.

A number of equities research analysts have commented on the company. BidaskClub upgraded Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Finally, Robert W. Baird upgraded Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Tuesday, May 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Washington Real Estate Investment Trust presently has an average rating of “Buy” and an average target price of $33.92.

Washington Real Estate Investment Trust Company Profile

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)

Receive News & Ratings for Washington Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply