Washington Real Estate Investment Trust (WRE) Expected to Post Earnings of $0.46 Per Share

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Brokerages predict that Washington Real Estate Investment Trust (NYSE:WRE) will report earnings of $0.46 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Washington Real Estate Investment Trust’s earnings, with estimates ranging from $0.45 to $0.47. Washington Real Estate Investment Trust reported earnings per share of $0.44 during the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The business is expected to report its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Washington Real Estate Investment Trust will report full year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.88. For the next fiscal year, analysts anticipate that the company will post earnings of $1.85 per share, with EPS estimates ranging from $1.81 to $1.87. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Washington Real Estate Investment Trust.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). Washington Real Estate Investment Trust had a return on equity of 2.05% and a net margin of 6.64%. The firm had revenue of $82.50 million for the quarter, compared to analyst estimates of $84.78 million.

WRE has been the subject of a number of research reports. JPMorgan Chase & Co. cut shares of Washington Real Estate Investment Trust from an “overweight” rating to a “neutral” rating in a report on Friday, October 5th. Stifel Nicolaus upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating and set a $29.00 price target for the company in a report on Monday, October 22nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $29.67.

NYSE:WRE traded down $0.22 during trading hours on Friday, reaching $28.63. The company had a trading volume of 258,241 shares, compared to its average volume of 349,871. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 15.73 and a beta of 0.78. Washington Real Estate Investment Trust has a twelve month low of $24.92 and a twelve month high of $33.14.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, December 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Wednesday, December 19th. Washington Real Estate Investment Trust’s payout ratio is 65.93%.

Large investors have recently bought and sold shares of the business. Bellecapital International Ltd. acquired a new stake in Washington Real Estate Investment Trust in the second quarter worth $200,000. Woodstock Corp acquired a new position in shares of Washington Real Estate Investment Trust during the second quarter valued at about $207,000. Tocqueville Asset Management L.P. acquired a new position in shares of Washington Real Estate Investment Trust during the second quarter valued at about $219,000. Chicago Partners Investment Group LLC grew its holdings in shares of Washington Real Estate Investment Trust by 44.0% during the second quarter. Chicago Partners Investment Group LLC now owns 7,382 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 2,257 shares during the last quarter. Finally, Sheets Smith Wealth Management acquired a new position in shares of Washington Real Estate Investment Trust during the second quarter valued at about $249,000. Institutional investors and hedge funds own 86.32% of the company’s stock.

Washington Real Estate Investment Trust Company Profile

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 48 properties consists of approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units. These 48 properties consist of 19 office properties, 16 retail centers and 13 multifamily properties.

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

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