Share on StockTwits

Washington Real Estate Investment Trust (NYSE:WRE) shares reached a new 52-week high during mid-day trading on Friday , AnalystRatings.NET reports. The company traded as high as $27.34 and last traded at $26.81, with a volume of 88,310 shares changing hands. The stock had previously closed at $27.00.

WRE has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Washington Real Estate Investment Trust from $27.00 to $29.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Washington Real Estate Investment Trust in a research note on Wednesday, June 11th. They now have a $26.00 price target on the stock, up previously from $23.00. Finally, analysts at Robert W. Baird upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $27.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Washington Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of $27.75.

The stock’s 50-day moving average is $26.3 and its 200-day moving average is $24.94. The company has a market cap of $1.788 billion and a P/E ratio of 13.95.

Washington Real Estate Investment Trust (NYSE:WRE) last released its earnings data on Thursday, July 24th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.02. The company had revenue of $72.25 million for the quarter, compared to the consensus estimate of $70.61 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Washington Real Estate Investment Trust will post $1.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Thursday, September 11th.

Washington Real Estate Investment Trust (NYSE:WRE) is a self-administered, self-managed, real estate investment trust (REIT).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.