Washington Real Estate Investment Trust (NYSE:WRE) Expected to Announce Quarterly Sales of $71.27 Million
According to Zacks, Wall Street brokers expect Washington Real Estate Investment Trust (NYSE: WRE) to generate revenue of $ 71.27 million in the current fiscal quarter. Four analysts have made estimates of the Washington Real Estate Investment Trust’s earnings, with the lowest revenue estimate being $ 70.34 million and the highest being $ 72.22 million. The Washington Real Estate Investment Trust posted revenues of $ 72.87 million in the same quarter last year, a negative growth rate of 2.2% year over year. The company is expected to release its next results on Tuesday, July 27th.
According to Zacks, analysts expect the Washington Real Estate Investment Trust to post total annual revenues of $ 290.07 million for the current fiscal year, with estimates ranging from $ 285.15 million to $ 292.76 million. For the next year, analysts expect the company to generate revenue of $ 311.77 million, with estimates ranging from $ 299.89 million to $ 326.76 million. Zacks Investment Research’s average revenue is based on a survey of sell-side analysts covering the Washington Real Estate Investment Trust.
Washington Real Estate Investment Trust (NYSE: WRE) last released its quarterly results on Wednesday, April 28th. The Real Estate Investment Trust reported earnings per share of $ 0.02 for the quarter, missing the consensus estimate of $ 0.30 by $ 0.32. The Washington Real Estate Investment Trust had a net margin of 123.40% and a return on equity of 3.10%. The company posted revenue of $ 69.63 million for the quarter, compared to the consensus estimate of $ 69.48 million. For the same period last year, the company posted earnings of $ 0.37 per share. The company’s quarterly revenue declined 9.3% year over year.
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WRE has been the subject of a number of analyst reports. Zacks Investment Research upgraded Washington Real Estate Investment Trust’s shares from a “sell” rating to a “buy” rating and set a price target of $ 26.00 for the company in a report on Wednesday. TheStreet upgraded the shares of Washington Real Estate Investment Trust from a “d +” rating to a “c-” rating in a report on Thursday, April 29th. Four investment analysts have rated the stock with a hold rating and two with a buy rating. The Washington Real Estate Investment Trust currently has an average rating of “Hold” and an average price target of $ 23.67.
NYSE WRE shares opened at $ 23.00 on Thursday. The stock has a market cap of $ 1.95 billion, a P / E ratio of 4.83, and a beta of 0.76. The company has a 50-day moving average price of $ 23.08 and a 200-day moving average price of $ 22.33. The Washington Real Estate Investment Trust has a 1-year low of $ 16.95 and a 1-year high of $ 25.67. The company has a leverage ratio of 0.81, a current of 0.81, and a fast of 0.81.
The company recently decided on a quarterly dividend, which will be paid on Tuesday, July 6th. On Wednesday June 23rd, a dividend of $ 0.30 per share will be paid to registered investors. This equates to an annualized dividend of $ 1.20 and a yield of 5.22%. The ex-dividend day is Tuesday, June 22nd. The Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 72.29%.
A number of institutional investors and hedge funds have recently increased or decreased their stakes in WRE. Concord Wealth Partners acquired a new position in Washington Real Estate Investment Trust valued at approximately $ 32,000 in the fourth quarter. Hoertkorn Richard Charles acquired a new position in the Washington Real Estate Investment Trust worth approximately $ 33,000 in the first quarter. Van ECK Associates Corp increased its stake in Washington Real Estate Investment Trust by 23.5% in the third quarter. Van ECK Associates Corp now owns 2,488 shares of the real estate investment trust valued at $ 50,000 after purchasing an additional 473 shares last quarter. Veriti Management LLC acquired a new position in Washington Real Estate Investment Trust valued at approximately $ 62,000 in the fourth quarter. Finally, Lafayette Investments Inc. acquired a new position in the Washington Real Estate Investment Trust for approximately $ 206,000 in the fourth quarter. Hedge funds and other institutional investors own 86.42% of the company’s shares.
Washington Real Estate Investment Trust company profile
WashREIT owns and operates uniquely positioned properties in the greater Washington area. With decades of experience, expertise and ambition, we create value by translating knowledge into strategy and strategy into action. As of October 29, 2020, the company’s portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 apartment blocks.
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