Washington Real Estate Investment Trust (WRE) Scheduled to Post Quarterly Earnings on Thursday

Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 27th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Washington Real Estate Investment Trust Trading Down 2.1%

NYSE:WRE opened at $17.57 on Thursday. The firm’s fifty-day moving average is $19.21 and its 200-day moving average is $21.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.59 and a current ratio of 1.59. Washington Real Estate Investment Trust has a 52 week low of $16.14 and a 52 week high of $26.79. The firm has a market cap of $1.54 billion, a P/E ratio of 175.70 and a beta of 0.89.

Washington Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Tuesday, September 20th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 680.00%.

Institutional Trading of Washington Real Estate Investment Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can increased its stake in Washington Real Estate Investment Trust by 2.6% during the 1st quarter. Bank of Montreal Can now owns 23,960 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 614 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Washington Real Estate Investment Trust by 0.9% during the second quarter. Prudential Financial Inc. now owns 89,587 shares of the real estate investment trust’s stock worth $1,909,000 after purchasing an additional 805 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Washington Real Estate Investment Trust by 3.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 27,974 shares of the real estate investment trust’s stock worth $596,000 after purchasing an additional 813 shares in the last quarter. LPL Financial LLC increased its stake in Washington Real Estate Investment Trust by 11.6% in the 2nd quarter. LPL Financial LLC now owns 9,850 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 1,026 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of Washington Real Estate Investment Trust during the 1st quarter worth approximately $27,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WRE shares. The Street downgraded shares of Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, July 6th. Wells Fargo & Company dropped their target price on shares of Washington Real Estate Investment Trust from $21.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, StockNews.com started coverage on shares of Washington Real Estate Investment Trust in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.25.

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.

read more

Earnings History for Washington Real Estate Investment Trust (NYSE:WRE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Washington Real Estate Investment Trust, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Washington Real Estate Investment Trust wasn’t on the list.

While Washington Real Estate Investment Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here