Montgomery Investment Management Inc. Has $772,000 Position in Washington Real Estate Investment Trust (WRE)

Montgomery Investment Management Inc. held its position in Washington Real Estate Investment Trust (NYSE:WRE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,190 shares of the real estate investment trust’s stock at the end of the second quarter. Montgomery Investment Management Inc.’s holdings in Washington Real Estate Investment Trust were worth $772,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 6,009.6% in the first quarter. BlackRock Inc. now owns 6,664,532 shares of the real estate investment trust’s stock worth $208,468,000 after buying an additional 6,555,449 shares during the last quarter. Vanguard Group Inc. boosted its stake in Washington Real Estate Investment Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock valued at $370,595,000 after buying an additional 444,191 shares in the last quarter. FMR LLC boosted its stake in Washington Real Estate Investment Trust by 30.2% in the first quarter. FMR LLC now owns 1,822,600 shares of the real estate investment trust’s stock valued at $57,010,000 after buying an additional 422,859 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new stake in Washington Real Estate Investment Trust during the first quarter valued at about $11,051,000. Finally, Nuveen Asset Management LLC boosted its stake in Washington Real Estate Investment Trust by 15.3% in the first quarter. Nuveen Asset Management LLC now owns 2,077,047 shares of the real estate investment trust’s stock valued at $64,970,000 after buying an additional 274,994 shares in the last quarter. Institutional investors own 84.95% of the company’s stock.

Shares of Washington Real Estate Investment Trust (NYSE WRE) traded down 0.27% during trading on Friday, hitting $32.68. 431,078 shares of the company traded hands. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96. The stock has a market capitalization of $2.51 billion, a PE ratio of 24.72 and a beta of 0.96. The company has a 50-day moving average of $32.39 and a 200-day moving average of $32.08.

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 90.23%.

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WRE has been the topic of several research reports. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 target price on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Finally, Robert W. Baird raised shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 target price for the company in a report on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company 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)

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