Washington Real Estate Investment Trust (NYSE:WRE) hit a new 52-week high during trading on Wednesday . The stock traded as high as $31.81 and last traded at $31.62, with a volume of 118,763 shares. The stock had previously closed at $31.70.

WRE has been the topic of a number of analyst reports. Zacks Investment Research raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 25th. TheStreet cut Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, JPMorgan Chase & Co. lifted their price target on Washington Real Estate Investment Trust from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, May 16th.

The company has a market cap of $2.14 billion and a PE ratio of 34.35. The firm has a 50-day moving average price of $30.06 and a 200 day moving average price of $27.99.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The business had revenue of $77.13 million for the quarter, compared to the consensus estimate of $78.22 million. Washington Real Estate Investment Trust’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 EPS. Equities analysts expect that Washington Real Estate Investment Trust will post $1.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Monday, June 13th.

Several hedge funds have made changes to their positions in WRE. Vanguard Group Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 9,693,846 shares of the real estate investment trust’s stock valued at $262,316,000 after buying an additional 268,618 shares during the last quarter. Russell Frank Co boosted its stake in shares of Washington Real Estate Investment Trust by 13.7% in the fourth quarter. Russell Frank Co now owns 503,182 shares of the real estate investment trust’s stock valued at $13,815,000 after buying an additional 60,686 shares during the last quarter. Morgan Stanley boosted its stake in shares of Washington Real Estate Investment Trust by 9.2% in the fourth quarter. Morgan Stanley now owns 123,208 shares of the real estate investment trust’s stock valued at $3,335,000 after buying an additional 10,371 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 5.3% in the fourth quarter. Brown Advisory Inc. now owns 145,742 shares of the real estate investment trust’s stock valued at $3,944,000 after buying an additional 7,287 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Washington Real Estate Investment Trust by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 184,595 shares of the real estate investment trust’s stock valued at $4,995,000 after buying an additional 4,000 shares during the last quarter.

Washington Real Estate Investment Trust is a self-administered, self-managed equity real estate investment trust. The Company’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. The Company’s three segments include office, retail and multifamily.

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