Washington Real Estate Investment Trust (NYSE:WRE) Expected to Post Quarterly Sales of $46.71 Million

Brokers estimate that Washington Real Estate Investment Trust (NYSE: WRE) will announce revenue of $ 46.71 million for the current fiscal year, according to Zacks. Four analysts have given estimates of the Washington Real Estate Investment Trust’s earnings. The highest revenue estimate is $ 48.58 million and the lowest is $ 44.70 million. The Washington Real Estate Investment Trust posted revenue of $ 71.23 million for the year-ago quarter, a negative year-over-year growth rate of 34.4%. The company is expected to release its next earnings report on Thursday, February 10th.

On average, analysts expect the Washington Real Estate Investment Trust to post annual sales of $ 195.15 million for the current fiscal year, with estimates ranging from $ 169.11 million to $ 208.39 million. For the next fiscal year, analysts expect sales of 209.04 million US dollars, with estimates ranging between 198.17 million US dollars and 220.59 million US dollars. Zacks’ sales averages are an average based on a survey of sell-side analysts covering the Washington Real Estate Investment Trust.

Washington Real Estate Investment Trust (NYSE: WRE) last announced its quarterly earnings data on Thursday, October 28th. The Real Estate Investment Trust reported earnings per share (EPS) ($ 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 expectations of $ 44.44 million. The Washington Real Estate Investment Trust had a negative return on equity of 3.95% and a net margin of 5.41%. The company’s revenue declined 2.7% year over year. For the same period last year, the company had earnings per share of $ 0.36.

(Advertisement)

This guide will help you evaluate and analyze your trading plan to create a custom options trading strategy that is tailored to your risk profile and market outlook. Learn how to take your trading to the next level.

A number of equity research analysts recently rated WRE stock. Zacks Investment Research downgraded the Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating on Wednesday November 24th in a research release. Wells Fargo & Company raised its price target for the Washington Real Estate Investment Trust from $ 25.00 to $ 27.00 and gave the stock an “equilibrium” rating in a research note on Wednesday. Finally, BTIG Research confirmed in a research release on Thursday, November 25th, a “buy” rating on Washington Real Estate Investment Trust shares. One research analyst has rated the stock with a sell rating, two with a hold rating and one with a buy rating. Based on data from MarketBeat.com, the Washington Real Estate Investment Trust has an average rating of “Hold” and an average target price of $ 27.17.

Several hedge funds and other institutional investors recently changed their holdings in WRE. Commonwealth Equity Services LLC increased its stake in Washington Real Estate Investment Trust by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 30,020 shares of the real estate investment trust, valued at $ 743,000, after purchasing an additional 396 shares last quarter. Hsbc Holdings PLC increased its stake in Washington Real Estate Investment Trust by 2.1% in the third quarter. Hsbc Holdings PLC now owns 23,556 shares in the real estate investment trust valued at $ 587,000 after purchasing an additional 486 shares last quarter. Van ECK Associates Corp increased its stake in Washington Real Estate Investment Trust by 15.6% in the third quarter. Van ECK Associates Corp now owns 3,948 shares in the real estate investment trust valued at $ 98,000 after purchasing an additional 533 shares last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Washington Real Estate Investment Trust by 0.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 119,464 shares in the real estate investment trust valued at $ 2,957,000 after purchasing an additional 534 shares last quarter. Finally, Hanson & Doremus Investment Management increased its stake in Washington Real Estate Investment Trust by 6.0% in the second quarter. Hanson & Doremus Investment Management now owns 10,183 shares in the real estate investment trust, valued at $ 205,000, after purchasing an additional 573 shares last quarter. 91.79% of the shares are currently owned by institutional investors and hedge funds.

WRE opened at $ 25.32 on Friday. The Washington Real Estate Investment Trust has a 52-week low of $ 20.74 and a 52-week high of $ 27.05. The company has a 50-day moving average of $ 25.49 and a 200-day moving average of $ 24.67. The company has a Leverage Ratio of 0.38, a current value of 8.31, and a fast value of 8.31. The company has a market cap of $ 2.14 billion, a P / E of 180.86, and a beta of 0.87.

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 per share. This equates to a dividend of $ 0.68 on an annual basis and a dividend yield of 2.69%. The ex-dividend date is Tuesday, December 21st. The Washington Real Estate Investment Trust’s dividend payout ratio is 485.71%.

About Washington Real Estate Investment Trust

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.

Featured Story: The Limits of an Equilibrium Assessment

Get a Free Copy of Zacks Research Report on Washington Real Estate Investment Trust (WRE)

For more information on Zacks Investment Research’s research offerings, please visit Zacks.com

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Should You Invest $ 1,000 in Washington Real Estate Investment Trust Now?

Before you consider Washington Real Estate Investment Trust, this is what you should hear.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are whispering to their clients to buy now, before the broader market takes hold … and the Washington Real Estate Investment Trust wasn’t on the list.

While the Washington Real Estate Investment Trust currently has a “hold” rating by analysts, top-rated analysts are holding these five stocks for better buys.

Take a look at the 5 stocks here