SG Americas Securities LLC Increases Equity Interest in Washington Real Estate Investment Trust (NYSE:WRE)


SG Americas Securities LLC increased its stake in Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) by 4.4% in the first quarter, Holdings Channel.com reports. The company owned 65,812 shares of Real Estate Investment Trust after purchasing an additional 2,779 shares during the period. SG Americas Securities LLC’s holdings in Washington Real Estate Investment Trust were worth $1,678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently changed their holdings in the company. Inspire Investing LLC acquired a new position in Washington Real Estate Investment Trust stock valued at approximately $235,000 during the first quarter. Zürcher Kantonalbank Zürcher Kantonalbank increased its stake in Washington Real Estate Investment Trust by 5.2% in the fourth quarter. Zurich Cantonal Bank Zurich Cantonal Bank now owns 24,290 shares of the Real Estate Investment Trust valued at $628,000 after purchasing an additional 1,206 shares during the period. Nomura Asset Management Co.Ltd. added 2.9% to its stake in Washington Real Estate Investment Trust in the fourth quarter. Nomura Asset Management Co.Ltd. now owns 70,730 shares of Real Estate Investment Trust valued at $1,828,000, having purchased an additional 2,000 shares during the period. Vert Asset Management LLC acquired a new position in Washington Real Estate Investment Trust valued at $291,000 during the fourth quarter. Finally, Cim Investment Management Inc. increased its stake in Washington Real Estate Investment Trust by 100.0% during the fourth quarter. Cim Investment Management Inc. now owns 19,478 shares of the Real Estate Investment Trust valued at $493,000 after purchasing an additional 9,739 shares during the period. Hedge funds and other institutional investors own 90.75% of the company’s shares.

Changes in analyst ratings

A number of equity analysts have recently issued reports on WRE stock. TheStreet downgraded Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a report Wednesday, July 6. Wells Fargo & Company lowered its price target on Washington Real Estate Investment Trust from $26.00 to $21.00 in a report on Friday, July 1, giving the company an “equal weight” rating. StockNews.com began coverage of the Washington Real Estate Investment Trust in a report Thursday, March 31st. They give the company a “sell” rating. Finally, JPMorgan Chase & Co. lowered its price target on Washington Real Estate Investment Trust to $24.00 from $26.00 in a report Tuesday, June 14. One analyst has assigned a sell rating to the stock, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $24.25.

Price history of the Washington Real Estate Investment Trust

Shares of WRE stock opened at $21.43 on Wednesday. The Washington Real Estate Investment Trust has a 12-month low of $20.06 and a 12-month high of $26.79. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 178.58 and a beta of 0.87. The stock has a 50-day simple moving average of $22.34 and a 200-day simple moving average of $23.73. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt to equity ratio of 0.38.

Washington Real Estate Investment Trust Profile

(received rating)

WashREIT owns and operates uniquely positioned real estate investments in the Washington metro area. Backed by decades of experience, expertise and ambition, we create value by turning insights into strategies and strategies 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 multi-family residential units.

Selected items

Want to see what other hedge funds are holding WRE? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Washington Real Estate Investment Trust (NYSE:WRE – Get Rating).

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



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