Q4 2022 EPS Estimates for Washington Real Estate Investment Trust (NYSE:WRE) Increased by Analyst

Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) – Capital One Financial upped their Q4 2022 earnings estimates for Washington Real Estate Investment Trust in a research report issued to clients and investors on Wednesday, May 18th. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $0.27 per share for the quarter, up from their prior estimate of $0.26. Capital One Financial also issued estimates for Washington Real Estate Investment Trust’s Q4 2023 earnings at $0.27 EPS and Q1 2024 earnings at $0.28 EPS.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. StockNews.com started coverage on shares of Washington Real Estate Investment Trust in a research report on Thursday, March 31st. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.00.

NYSE WRE opened at $23.13 on Friday. Washington Real Estate Investment Trust has a 52 week low of $22.23 and a 52 week high of $27.05. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 192.75 and a beta of 0.85. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $24.51 and a two hundred day moving average of $24.87.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its position in Washington Real Estate Investment Trust by 38.6% during the second quarter. Morgan Stanley now owns 386,877 shares of the real estate investment trust’s stock valued at $8,898,000 after acquiring an additional 107,663 shares during the last quarter. Deutsche Bank AG increased its stake in Washington Real Estate Investment Trust by 1.6% during the 3rd quarter. Deutsche Bank AG now owns 81,306 shares of the real estate investment trust’s stock valued at $2,013,000 after purchasing an additional 1,313 shares in the last quarter. Barclays PLC grew its holdings in shares of Washington Real Estate Investment Trust by 70.1% during the third quarter. Barclays PLC now owns 212,477 shares of the real estate investment trust’s stock valued at $5,257,000 after buying an additional 87,593 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Washington Real Estate Investment Trust by 25.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 13,627 shares of the real estate investment trust’s stock valued at $337,000 after acquiring an additional 2,802 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Washington Real Estate Investment Trust by 37.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 63,722 shares of the real estate investment trust’s stock worth $1,577,000 after acquiring an additional 17,193 shares during the last quarter. Hedge funds and other institutional investors own 90.75% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 22nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.94%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 566.67%.

About Washington Real Estate Investment Trust (Get Rating)

WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights 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 multifamily apartment units.

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