Washington Real Estate Investment Trust (NYSE:WRE) shares saw unusually-strong trading volume on Monday . Approximately 753,779 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 507,595 shares.The stock last traded at $32.79 and had previously closed at $32.85.

Several equities analysts have recently issued reports on WRE shares. TheStreet cut Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. JPMorgan Chase & Co. boosted their price objective on Washington Real Estate Investment Trust from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 16th. Finally, Zacks Investment Research cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 19th.

The firm has a market capitalization of $2.24 billion and a PE ratio of 36.09. The firm’s 50-day moving average is $30.84 and its 200 day moving average is $28.28.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.30 per share. 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 3.65%.

A number of hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake 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 valued at $23,871,000 after buying an additional 5,554 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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. Brown Advisory Inc. boosted its stake in 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. California Public Employees Retirement System boosted its stake 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 valued at $4,995,000 after buying an additional 4,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake 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 valued at $2,742,000 after buying an additional 3,330 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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