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

WRE has been the subject of a number of recent research reports. Zacks Investment Research cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 19th. JPMorgan Chase & Co. upped their target price on Washington Real Estate Investment Trust from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, May 16th. Finally, TheStreet cut Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th.

The stock has a 50-day moving average price of $30.53 and a 200 day moving average price of $28.15. The stock has a market capitalization of $2.25 billion and a price-to-earnings ratio of 36.20.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%.

Other hedge funds recently modified their holdings of the company. Nationwide Fund Advisors boosted 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 worth $1,407,000 after buying an additional 886 shares in the last quarter. Rhumbline Advisers boosted 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 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 worth $3,335,000 after buying an additional 10,371 shares in the last quarter. California State Teachers Retirement System boosted 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. 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 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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