Washington Real Estate Investment Trust (NYSE:WRE) reached a new 52-week high during trading on Thursday . The stock 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.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 25th. JPMorgan Chase & Co. boosted their price objective 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 cut 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’s 50 day moving average is $31.19 and its 200 day moving average is $28.43. The firm has a market cap of $2.28 billion and a PE ratio of 36.60.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.60%. The ex-dividend date was Monday, June 13th.

A number of institutional investors have made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of 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 period. 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 period. 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 period. 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 period. Finally, California State Teachers Retirement System boosted its stake 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 valued at $3,418,000 after buying an additional 2,047 shares during the period.

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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