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Washington Real Estate Investment Trust (NYSE:WRE) VP Thomas L. Regnell sold 1,650 shares of the stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $24.79, for a total value of $40,903.50. Following the sale, the vice president now directly owns 70,849 shares of the company’s stock, valued at approximately $1,756,347. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on WRE shares. Analysts at MLV & Co
initiated coverage on shares of Washington Real Estate Investment Trust in a research note on Tuesday, March 25th. They set a “buy” rating and a $29.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Washington Real Estate Investment Trust from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 27th. They now have a $25.50 price target on the stock. Finally, analysts at TheStreet downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.17.

Washington Real Estate Investment Trust (NYSE:WRE) traded up 0.24% on Wednesday, hitting $24.61. The stock had a trading volume of 81,893 shares. Washington Real Estate Investment Trust has a 52 week low of $22.30 and a 52 week high of $30.58. The stock has a 50-day moving average of $24.18 and a 200-day moving average of $23.94. The company has a market cap of $1.640 billion and a price-to-earnings ratio of 12.24.

Washington Real Estate Investment Trust (NYSE:WRE) last released its earnings data on Thursday, April 24th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.03. The company had revenue of $68.61 million for the quarter, compared to the consensus estimate of $67.67 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that Washington Real Estate Investment Trust will post $1.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, June 12th.

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

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