Zacks: Analysts Anticipate Washington Real Estate Investment Trust (WRE) to Announce $0.46 Earnings Per Share

Analysts expect Washington Real Estate Investment Trust (NYSE:WRE) to report earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Washington Real Estate Investment Trust’s earnings, with estimates ranging from $0.45 to $0.46. Washington Real Estate Investment Trust reported earnings of $1.07 per share in the same quarter last year, which indicates a negative year over year growth rate of 57%. The firm is scheduled to report its next earnings report after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Washington Real Estate Investment Trust will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.81 to $1.83. For the next financial year, analysts anticipate that the company will post earnings of $1.87 per share, with EPS estimates ranging from $1.83 to $1.91. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Washington Real Estate Investment Trust.

Several research firms have recently commented on WRE. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 target price on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $34.58.

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A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Washington Real Estate Investment Trust by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,945,059 shares of the real estate investment trust’s stock valued at $381,047,000 after purchasing an additional 97,373 shares in the last quarter. BlackRock Inc. increased its stake in Washington Real Estate Investment Trust by 4.0% during the 2nd quarter. BlackRock Inc. now owns 6,931,674 shares of the real estate investment trust’s stock valued at $221,122,000 after purchasing an additional 267,142 shares in the last quarter. State Street Corp increased its stake in Washington Real Estate Investment Trust by 5.3% during the 2nd quarter. State Street Corp now owns 2,576,796 shares of the real estate investment trust’s stock valued at $82,200,000 after purchasing an additional 130,030 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Washington Real Estate Investment Trust by 285.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock valued at $76,591,000 after purchasing an additional 1,777,764 shares in the last quarter. Finally, FMR LLC increased its stake in Washington Real Estate Investment Trust by 28.3% during the 2nd quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock valued at $74,601,000 after purchasing an additional 516,000 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Washington Real Estate Investment Trust (NYSE:WRE) traded up 0.18% during midday trading on Friday, reaching $33.20. 234,300 shares of the company’s stock traded hands. The company’s 50-day moving average price is $32.83 and its 200-day moving average price is $32.30. The stock has a market cap of $2.55 billion, a P/E ratio of 25.11 and a beta of 0.97. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.61%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 90.23%.

About Washington Real Estate Investment Trust

Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. The Company’s business consists of the ownership and operation of real property in the greater Washington metro region. The Company owns a diversified portfolio of office buildings, multifamily buildings and retail centers.

Get a free copy of the Zacks research report on Washington Real Estate Investment Trust (WRE)

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According to Zacks, analysts expect that Washington Real Estate Investment Trust will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.81 to $1.83. For the next financial year, analysts anticipate that the company will post earnings of $1.87 per share, with EPS estimates ranging from $1.83 to $1.91. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Washington Real Estate Investment Trust.

Several research firms have recently commented on WRE. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 target price on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $34.58.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/08/zacks-analysts-anticipate-washington-real-estate-investment-trust-wre-to-announce-0-46-earnings-per-share.html.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Washington Real Estate Investment Trust by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,945,059 shares of the real estate investment trust’s stock valued at $381,047,000 after purchasing an additional 97,373 shares in the last quarter. BlackRock Inc. increased its stake in Washington Real Estate Investment Trust by 4.0% during the 2nd quarter. BlackRock Inc. now owns 6,931,674 shares of the real estate investment trust’s stock valued at $221,122,000 after purchasing an additional 267,142 shares in the last quarter. State Street Corp increased its stake in Washington Real Estate Investment Trust by 5.3% during the 2nd quarter. State Street Corp now owns 2,576,796 shares of the real estate investment trust’s stock valued at $82,200,000 after purchasing an additional 130,030 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Washington Real Estate Investment Trust by 285.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock valued at $76,591,000 after purchasing an additional 1,777,764 shares in the last quarter. Finally, FMR LLC increased its stake in Washington Real Estate Investment Trust by 28.3% during the 2nd quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock valued at $74,601,000 after purchasing an additional 516,000 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Washington Real Estate Investment Trust (NYSE:WRE) traded up 0.18% during midday trading on Friday, reaching $33.20. 234,300 shares of the company’s stock traded hands. The company’s 50-day moving average price is $32.83 and its 200-day moving average price is $32.30. The stock has a market cap of $2.55 billion, a P/E ratio of 25.11 and a beta of 0.97. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.61%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 90.23%.

About Washington Real Estate Investment Trust

Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. The Company’s business consists of the ownership and operation of real property in the greater Washington metro region. The Company owns a diversified portfolio of office buildings, multifamily buildings and retail centers.

Get a free copy of the Zacks research report on Washington Real Estate Investment Trust (WRE)

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Earnings History and Estimates for Washington Real Estate Investment Trust (NYSE:WRE)

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