Putnam Investments LLC Sells 761 Shares of Washington Real Estate Investment Trust (NYSE:WRE)

Putnam Investments LLC cut its position in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,537 shares of the real estate investment trust’s stock after selling 761 shares during the period. Putnam Investments LLC’s holdings in Washington Real Estate Investment Trust were worth $202,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in Washington Real Estate Investment Trust during the second quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC bought a new position in Washington Real Estate Investment Trust during the second quarter valued at approximately $85,000. Advisory Services Network LLC raised its position in Washington Real Estate Investment Trust by 654.5% during the second quarter. Advisory Services Network LLC now owns 3,184 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 2,762 shares during the period. CIBC Asset Management Inc purchased a new stake in Washington Real Estate Investment Trust during the first quarter valued at approximately $203,000. Finally, Everence Capital Management Inc. purchased a new stake in Washington Real Estate Investment Trust during the second quarter valued at approximately $217,000. 89.42% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.80.



WRE stock traded up $0.41 during midday trading on Wednesday, reaching $27.56. 11,264 shares of the company traded hands, compared to its average volume of 277,231. Washington Real Estate Investment Trust has a 52-week low of $22.53 and a 52-week high of $30.78. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.17 and a current ratio of 1.17. The business has a 50 day moving average of $26.71 and a 200-day moving average of $27.41. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 15.89 and a beta of 0.92.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.44). Washington Real Estate Investment Trust had a net margin of 2.51% and a return on equity of 0.78%. The company had revenue of $76.82 million for the quarter, compared to analysts’ expectations of $85.76 million. During the same quarter last year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts anticipate that Washington Real Estate Investment Trust will post 1.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 4.35%. Washington Real Estate Investment Trust’s payout ratio is currently 64.52%.

Washington Real Estate Investment Trust 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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