$0.45 Revenue Per Share Anticipated for Washington Real Estate Investment Trust (WRE) This Quarter

$0.45 Revenue Per Share Anticipated for Washington Real Estate Investment Trust (WRE) This Quarter

Equities analysts expect Washington Real Estate Investment Trust (NYSE:WRE) to report earnings per share of $0.45 for the current quarter, Zacks reports. Six analysts have provided estimates for Washington Real Estate Investment Trust’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.43. Washington Real Estate Investment Trust posted earnings per share of $0.48 during the same quarter last year, which would suggest a negative year over year growth rate of 6.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Washington Real Estate Investment Trust will report full-year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.78. For the next year, analysts forecast that the firm will post earnings of $1.74 per share, with EPS estimates ranging from $1.68 to $1.83. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Washington Real Estate Investment Trust.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $83.20 million during the quarter, compared to the consensus estimate of $82.12 million. Washington Real Estate Investment Trust had a return on equity of 1.68% and a net margin of 5.35%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS.

A number of brokerages recently issued reports on WRE. Zacks Investment Research raised Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, March 8th. Wells Fargo & Co cut their price objective on Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating for the company in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.00.

Shares of NYSE:WRE traded up $0.47 during midday trading on Friday, reaching $28.36. 453,877 shares of the company’s stock were exchanged, compared to its average volume of 677,852. The company has a current ratio of 1.29, a quick ratio of 1.37 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 16.10 and a beta of 0.96. Washington Real Estate Investment Trust has a fifty-two week low of $22.53 and a fifty-two week high of $31.85.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.23%. The ex-dividend date is Thursday, June 13th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 64.52%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WRE. LS Investment Advisors LLC acquired a new position in Washington Real Estate Investment Trust in the 1st quarter valued at about $67,000. D Orazio & Associates Inc. acquired a new position in Washington Real Estate Investment Trust in the 1st quarter valued at about $85,000. Quadrant Capital Group LLC grew its position in Washington Real Estate Investment Trust by 311.1% in the 1st quarter. Quadrant Capital Group LLC now owns 3,272 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 2,476 shares in the last quarter. Advisor Group Inc. grew its position in Washington Real Estate Investment Trust by 48.9% in the 4th quarter. Advisor Group Inc. now owns 5,290 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 1,737 shares in the last quarter. Finally, FCA Corp TX acquired a new position in Washington Real Estate Investment Trust in the 4th quarter valued at about $138,000. 86.64% of the stock is owned by institutional investors.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

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