Washington Real Estate Investment Trust Expected to Earn Q4 2017 Earnings of $0.43 Per Share (WRE)

Washington Real Estate Investment Trust (NYSE:WRE) – Investment analysts at SunTrust Banks reduced their Q4 2017 earnings per share estimates for Washington Real Estate Investment Trust in a report released on Monday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will earn $0.43 per share for the quarter, down from their previous estimate of $0.45. SunTrust Banks currently has a “Hold” rating and a $33.00 target price on the stock. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.45 EPS.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Thursday, September 21st. Robert W. Baird reissued an “outperform” rating and set a $34.00 price target on shares of Washington Real Estate Investment Trust in a report on Tuesday, October 31st. BidaskClub raised Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, TheStreet cut Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Washington Real Estate Investment Trust presently has a consensus rating of “Hold” and an average price target of $34.36.

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Washington Real Estate Investment Trust (NYSE:WRE) opened at $32.65 on Tuesday. Washington Real Estate Investment Trust has a twelve month low of $29.90 and a twelve month high of $33.96. The company has a market capitalization of $2,541.48, a price-to-earnings ratio of 17.90, a P/E/G ratio of 17.80 and a beta of 0.95. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.05.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be given a $0.30 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.68%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 400.00%.

Institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC acquired a new position in shares of Washington Real Estate Investment Trust in the second quarter worth about $163,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Washington Real Estate Investment Trust by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 570 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Washington Real Estate Investment Trust during the 2nd quarter worth about $203,000. Teacher Retirement System of Texas acquired a new position in shares of Washington Real Estate Investment Trust during the 3rd quarter worth about $206,000. Finally, GAM Holding AG raised its position in shares of Washington Real Estate Investment Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 313 shares during the last quarter. Institutional investors and hedge funds own 86.17% of the company’s stock.

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.

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

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