$0.19 Earnings Per Share Expected for Washington Real Estate Investment Trust (NYSE:WRE) This Quarter

Wall Street brokerages expect Washington Real Estate Investment Trust (NYSE:WRE) to announce earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Washington Real Estate Investment Trust’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.17. Washington Real Estate Investment Trust posted earnings per share of $0.34 during the same quarter last year, which would suggest a negative year-over-year growth rate of 44.1%. The firm is expected to issue its next earnings report on Wednesday, April 27th.

On average, analysts expect that Washington Real Estate Investment Trust will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $0.94. For the next financial year, analysts anticipate that the firm will report earnings of $0.97 per share, with EPS estimates ranging from $0.94 to $1.02. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Washington Real Estate Investment Trust.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Thursday. Truist Financial cut their target price on shares of Washington Real Estate Investment Trust from $24.00 to $23.00 and set a “hold” rating on the stock in a research note on Monday, December 6th. Wells Fargo & Company upped their target price on shares of Washington Real Estate Investment Trust from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 1st. Finally, BTIG Research upped their target price on shares of Washington Real Estate Investment Trust from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Washington Real Estate Investment Trust currently has an average rating of “Hold” and an average target price of $26.25.

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Shares of WRE opened at $23.46 on Monday. Washington Real Estate Investment Trust has a 1 year low of $22.09 and a 1 year high of $27.05. The stock has a market cap of $1.99 billion, a PE ratio of 167.57 and a beta of 0.86. The company has a quick ratio of 8.31, a current ratio of 8.31 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $25.15.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 5th. Shareholders of record on Wednesday, March 23rd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, March 22nd. This represents a $0.68 annualized dividend and a yield of 2.90%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 485.71%.

Institutional investors have recently made changes to their positions in the business. Vident Investment Advisory LLC grew its position in shares of Washington Real Estate Investment Trust by 1.3% during the fourth quarter. Vident Investment Advisory LLC now owns 37,619 shares of the real estate investment trust’s stock worth $973,000 after acquiring an additional 485 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Washington Real Estate Investment Trust by 50.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 321,149 shares of the real estate investment trust’s stock worth $8,302,000 after acquiring an additional 107,736 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Washington Real Estate Investment Trust by 7.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 68,156 shares of the real estate investment trust’s stock worth $1,762,000 after acquiring an additional 4,434 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Washington Real Estate Investment Trust by 2.2% during the fourth quarter. California State Teachers Retirement System now owns 117,662 shares of the real estate investment trust’s stock worth $3,042,000 after acquiring an additional 2,549 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Washington Real Estate Investment Trust by 4.9% during the fourth quarter. Parametric Portfolio Associates LLC now owns 182,610 shares of the real estate investment trust’s stock worth $4,720,000 after acquiring an additional 8,549 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

About Washington Real Estate Investment Trust

Washington Real Estate Investment Trust engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office and Multifamily. The Office segment provides office space for various types of businesses and professions. The Multifamily segment provides rental housing for individuals and families throughout Washington metro region.

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