Folger Nolan Fleming Douglas Capital Management Inc. Has $1.21 Million Stock Holdings in Washington Real Estate Investment Trust (NYSE:WRE)

Folger Nolan Fleming Douglas Capital Management Inc. cut its holdings in Washington Real Estate Investment Trust (NYSE:WREGet Rating) by 2.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 56,906 shares of the real estate investment trust’s stock after selling 1,484 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Washington Real Estate Investment Trust were worth $1,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WRE. State Street Corp boosted its holdings in Washington Real Estate Investment Trust by 13.5% during the first quarter. State Street Corp now owns 5,257,101 shares of the real estate investment trust’s stock worth $134,931,000 after buying an additional 626,534 shares during the last quarter. First Pacific Advisors LP bought a new position in shares of Washington Real Estate Investment Trust during the 1st quarter valued at about $12,714,000. Vanguard Group Inc. lifted its holdings in shares of Washington Real Estate Investment Trust by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 13,973,815 shares of the real estate investment trust’s stock valued at $356,332,000 after purchasing an additional 427,868 shares in the last quarter. Highland Capital Management Fund Advisors L.P. bought a new position in shares of Washington Real Estate Investment Trust during the 1st quarter valued at about $9,968,000. Finally, Invesco Ltd. lifted its holdings in shares of Washington Real Estate Investment Trust by 58.6% during the 1st quarter. Invesco Ltd. now owns 734,567 shares of the real estate investment trust’s stock valued at $18,731,000 after purchasing an additional 271,543 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WRE has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. StockNews.com lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. TheStreet lowered Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, July 6th. Finally, Wells Fargo & Company dropped their target price on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Washington Real Estate Investment Trust currently has an average rating of “Hold” and a consensus price target of $24.25.

Washington Real Estate Investment Trust Stock Down 3.5 %

Shares of NYSE:WRE traded down $0.67 during trading on Friday, hitting $18.60. 16,378 shares of the company were exchanged, compared to its average volume of 476,992. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 192.70 and a beta of 0.88. Washington Real Estate Investment Trust has a fifty-two week low of $18.93 and a fifty-two week high of $26.79. The firm has a fifty day moving average price of $20.68 and a two-hundred day moving average price of $22.63. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.44.

Washington Real Estate Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 21st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Tuesday, September 20th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 680.00%.

About Washington Real Estate Investment Trust

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WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units.

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

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