NEW YORK (

TheStreet

) --

Washington REIT

(NYSE:

WRE

) hit a new 52-week high Tuesday as it is currently trading at $34.12, above its previous 52-week high of $34.11 with 21,661 shares traded as of 9:38 a.m. ET. Average volume has been 482,100 shares over the past 30 days.

Washington REIT has a market cap of $2.2 billion and is part of the

financial

sector and

real estate

industry. Shares are up 9.6% year to date as of the close of trading on Friday.

Washington Real Estate Investment Trust is an equity real estate investment trust (REIT). The company engages in the ownership, operation, and development of real properties. The firm invests in real estate markets of the greater Washington D.C. metro region. The company has a P/E ratio of 178.7, above the average real estate industry P/E ratio of 58.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Washington REIT as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins. You can view the full

Washington REIT Ratings Report

.

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