Washington Real Estate Investment Trust (NYSE:WRE) shares hit a new 52-week high during trading on Thursday . The company traded as high as $33.10 and last traded at $33.09, with a volume of 396,455 shares trading hands. The stock had previously closed at $32.98.

A number of research analysts recently commented on WRE shares. TheStreet lowered Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. JPMorgan Chase & Co. upped their price target on 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, Zacks Investment Research cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 19th.

The company has a market cap of $2.26 billion and a PE ratio of 36.36. The firm’s 50 day moving average price is $31.09 and its 200 day moving average price is $28.38.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.42 EPS for the quarter, topping the Thomson Reuters’ 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. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities analysts anticipate that Washington Real Estate Investment Trust will post $1.71 EPS 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 paid 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 3.63%.

Other hedge funds and institutional investors have 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 valued at $1,407,000 after buying an additional 886 shares in the last quarter. Rhumbline Advisers increased its position 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 valued at $2,742,000 after buying an additional 3,330 shares in the last quarter. California State Teachers Retirement System increased its position 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 valued at $3,418,000 after buying an additional 2,047 shares in the last quarter. Brown Advisory Inc. increased its position 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 in the last quarter. Finally, California Public Employees Retirement System increased its position 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 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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