California State Teachers Retirement System Sells 13,159 Shares of Washington Real Estate Investment Trust (WRE)

California State Teachers Retirement System cut its holdings in Washington Real Estate Investment Trust (NYSE:WRE) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,658 shares of the real estate investment trust’s stock after selling 13,159 shares during the quarter. California State Teachers Retirement System’s holdings in Washington Real Estate Investment Trust were worth $4,051,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in Washington Real Estate Investment Trust by 10.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 821,490 shares of the real estate investment trust’s stock worth $26,206,000 after purchasing an additional 80,151 shares in the last quarter. GAM Holding AG boosted its stake in Washington Real Estate Investment Trust by 5.0% in the 2nd quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 313 shares in the last quarter. Prudential Financial Inc. boosted its stake in Washington Real Estate Investment Trust by 7.3% in the 2nd quarter. Prudential Financial Inc. now owns 9,023 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 610 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Washington Real Estate Investment Trust by 2.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 208 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Washington Real Estate Investment Trust by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 570 shares in the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

Washington Real Estate Investment Trust (NYSE WRE) opened at $29.33 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $2,308.44, a PE ratio of 97.77, a price-to-earnings-growth ratio of 15.85 and a beta of 0.94. Washington Real Estate Investment Trust has a one year low of $29.18 and a one year high of $33.96.

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 400.00%.

A number of equities analysts recently issued reports on WRE shares. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Robert W. Baird reiterated an “outperform” rating and issued a $34.00 price target on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. Stifel Nicolaus cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. TheStreet cut shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. Finally, SunTrust Banks set a $33.00 price target on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Washington Real Estate Investment Trust has an average rating of “Hold” and an average price target of $34.50.

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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.

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

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