Shares of Washington Real Estate Investment Trust (NYSE:WRE) saw strong trading volume on Monday . 736,984 shares changed hands during trading, an increase of 32% from the previous session’s volume of 556,340 shares.The stock last traded at $32.45 and had previously closed at $31.96.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. TheStreet cut shares of 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. upped their price objective on shares of 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 $2.22 billion and a P/E ratio of 35.66. The stock has a 50-day moving average price of $30.30 and a 200 day moving average price of $28.08.

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

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

Several hedge funds and institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors increased its position 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 worth $1,407,000 after buying an additional 886 shares during the period. California State Teachers Retirement System increased its position in 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 during the last quarter. Rhumbline Advisers increased its position in 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 during the last quarter. California Public Employees Retirement System increased its position in 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 worth $4,995,000 after buying an additional 4,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Washington Real Estate Investment Trust by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 882,134 shares of the real estate investment trust’s stock worth $23,871,000 after buying an additional 5,554 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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