Shares of Washington Real Estate Investment Trust (NYSE:WRE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $32.68 and last traded at $32.63, with a volume of 196,752 shares trading hands. The stock had previously closed at $32.45.

Several research firms have issued reports on WRE. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. JPMorgan Chase & Co. upped their price target on shares of Washington Real Estate Investment Trust from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, May 16th. Finally, TheStreet lowered shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th.

The stock has a market capitalization of $2.23 billion and a PE ratio of 35.92. The company’s 50-day moving average is $30.30 and its 200 day moving average is $28.08.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.70%.

Several hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors increased its stake in shares of Washington Real Estate Investment Trust by 1.7% in the fourth quarter. Nationwide Fund Advisors now owns 51,989 shares of the real estate investment trust’s stock valued at $1,407,000 after buying an additional 886 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Washington Real Estate Investment Trust by 3.4% in the fourth quarter. Rhumbline Advisers now owns 101,342 shares of the real estate investment trust’s stock worth $2,742,000 after buying an additional 3,330 shares in the last quarter. Morgan Stanley increased 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 worth $3,335,000 after buying an additional 10,371 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Washington Real Estate Investment Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 126,300 shares of the real estate investment trust’s stock worth $3,418,000 after buying an additional 2,047 shares in the last quarter. Finally, Brown Advisory Inc. increased 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 worth $3,944,000 after buying an additional 7,287 shares in 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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