Q4 2021 EPS Estimates for Washington Real Estate Investment Trust (NYSE:WRE) Decreased by Analyst

Washington Real Estate Investment Trust (NYSE: WRE) – Truist Securiti equity researchers released their earnings per share estimates for the fourth quarter of 2021 for the Washington Real Estate Investment Trust in an on Monday the 6. Truist Securiti analyst , M. Lewis, now expects the Real Estate Investment Trust to post earnings per share of $ 0.17 for the quarter, up from its previous guidance of $ 0.20. Truist Securiti also released estimates for Washington Real Estate Investment Trust’s 2024 earnings of $ 1.02 per share and 2025 earnings of $ 1.06 per share.

WRE has been the subject of several other reports. Truist cut his price target on shares in Washington Real Estate Investment Trust from $ 24.00 to $ 23.00 and issued a “hold” rating on the stock in a report on Monday. Truist Securities cut its price target on shares in Washington Real Estate Investment Trust from $ 24.00 to $ 23.00 and issued a “hold” rating on the stock in a report on Monday. Wells Fargo & Company raised its price target on shares in Washington Real Estate Investment Trust from $ 25.00 to $ 27.00 and rated the company “equally weighted” in a report dated Wednesday, December 1st. BTIG Research re-issued a “buy” rating on Washington Real Estate Investment Trust stocks in a research note on Thursday, November 25th. Finally, Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research release on Wednesday November 24th. One analyst has rated the stock with a sell rating, four with a hold rating, and one with a buy rating on the company’s stock. According to MarketBeat, the stock has an average “hold” rating and a consensus price target of $ 25.50.

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NYSE: WRE opened at $ 25.70 on Tuesday. The company has a quick ratio of 8.31, a current ratio of 8.31, and debt of 0.38. The company has a market capitalization of $ 2.18 billion, a price / earnings ratio of 183.57, and a beta of 0.86. The company has a 50-day moving average price of $ 25.49. The Washington Real Estate Investment Trust has a 1-year low of $ 20.74 and a 1-year high of $ 27.05. Washington Real Estate Investment Trust (NYSE: WRE) last released its results on Thursday, October 28th. The Real Estate Investment Trust reported earnings per share ($ 0.26) for the quarter, missing the consensus estimate of $ 0.21 ($ 0.47). The company had revenue of $ 42.50 million for the quarter, compared to analyst estimates of $ 44.44 million. The Washington Real Estate Investment Trust had a net margin of 5.41% and a negative return on equity of 3.95%. The company’s revenue for the quarter decreased 2.7% compared to the same quarter last year. For the same quarter last year, the company had earnings per share of $ 0.36.

Several institutional investors recently added or reduced their stake in WRE. Price T Rowe Associates Inc. MD increased its stake in Washington Real Estate Investment Trust by 628.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,634,631 shares in the real estate investment trust valued at $ 83,597,000 after purchasing an additional 3,135,778 shares during the period. FMR LLC increased its stake in Washington Real Estate Investment Trust by 26.1% in the second quarter. FMR LLC now owns 7,013,645 shares of the real estate investment trust valued at $ 161,314,000 after purchasing an additional 1,449,506 shares during the reporting period. Northwood Liquid Management LP acquired a new stake in Washington Real Estate Investment Trust in the second quarter valued at approximately $ 26,160,000. Vanguard Group Inc. increased its stake in Washington Real Estate Investment Trust by 3.3% in the second quarter. Vanguard Group Inc. now owns 13,444,432 shares in the real estate investment trust valued at $ 309,222,000 after purchasing an additional 433,733 shares during the reporting period. Finally, Glenmede Trust Co. NA increased its stake in Washington Real Estate Investment Trust by 58.0% in the second quarter. Glenmede Trust Co. NA now owns 751,779 shares in the real estate investment trust valued at $ 17,290,000 after purchasing an additional 275,852 shares during the period. 91.79% of the shares are currently owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 5th. Shareholders of record on Wednesday December 22nd will receive a dividend of $ 0.17. This equates to a dividend of $ 0.68 on an annual basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday December 21st. The Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 485.71%.

Washington Real Estate Investment Trust company profile

Washington Real Estate Investment Trust owns and operates income generating real estate. It operates in the following segments: office and apartment buildings. The Office segment offers office space for various types of companies and professions. The multi-family segment offers rental apartments for individuals and families across the Washington metropolitan area.

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