Magnetar Financial LLC Sells 16,525 Shares of Washington Real Estate Investment Trust (WRE)

Magnetar Financial LLC cut its position in shares of Washington Real Estate Investment Trust (NYSE:WRE) by 45.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,527 shares of the real estate investment trust’s stock after selling 16,525 shares during the quarter. Magnetar Financial LLC’s holdings in Washington Real Estate Investment Trust were worth $640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Washington Real Estate Investment Trust by 1.0% during the second quarter. HighTower Advisors LLC now owns 20,736 shares of the real estate investment trust’s stock worth $662,000 after buying an additional 203 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Washington Real Estate Investment Trust by 2.6% during the second quarter. Neuberger Berman Group LLC now owns 8,253 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 208 shares in the last quarter. GAM Holding AG grew its holdings in shares of Washington Real Estate Investment Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 313 shares in the last quarter. ETRADE Capital Management LLC grew its holdings in shares of Washington Real Estate Investment Trust by 4.1% during the second quarter. ETRADE Capital Management LLC now owns 9,160 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 357 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Washington Real Estate Investment Trust by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 437 shares in the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

WRE has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. Stifel Nicolaus reiterated a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Thursday, September 21st. SunTrust Banks set a $33.00 target price on shares of Washington Real Estate Investment Trust and gave the company a “hold” rating in a report on Friday, October 27th. Robert W. Baird restated an “outperform” rating and issued a $34.00 target price on shares of Washington Real Estate Investment Trust in a report on Tuesday, October 31st. Finally, TheStreet downgraded shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Washington Real Estate Investment Trust currently has an average rating of “Buy” and an average price target of $34.75.

Washington Real Estate Investment Trust (WRE) traded up $0.09 during trading on Wednesday, reaching $31.79. 629,800 shares of the company were exchanged, compared to its average volume of 367,484. Washington Real Estate Investment Trust has a 52-week low of $29.90 and a 52-week high of $33.96. The stock has a market capitalization of $2,487.34, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 17.44 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.77%. Washington Real Estate Investment Trust’s payout ratio is 400.00%.

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Washington Real Estate Investment Trust 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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