Zacks: Analysts Expect Washington Real Estate Investment Trust (NYSE:WRE) Will Post Earnings of $0.19 Per Share
According to Zacks Investment Research, equity analysts expect the Washington Real Estate Investment Trust (NYSE: WRE) to post earnings per share of $ 0.19 for the current quarter. Three analysts have estimated the Washington Real Estate Investment Trust’s earnings, with the highest EPS estimate at $ 0.21 and the lowest at $ 0.17. The Washington Real Estate Investment Trust posted earnings per share of $ 0.33 for the same quarter last year, indicating a negative year-over-year growth rate of 42.4%. The company is expected to announce its next earnings numbers on Thursday, February 10th.
According to Zacks, analysts expect the Washington Real Estate Investment Trust to post full year earnings of $ 1.07 per share for the current fiscal year, with EPS estimates ranging between $ 1.06 and $ 1.07. For the next fiscal year, analysts predict the company will post earnings of $ 0.93 per share, with EPS estimates ranging between $ 0.87 and $ 0.99. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts covering the Washington Real Estate Investment Trust.
Washington Real Estate Investment Trust (NYSE: WRE) last published its results on Thursday, October 28th. The Real Estate Investment Trust reported ($ 0.26) EPS for the quarter, missing the consensus estimate of $ 0.21 by ($ 0.47). The company had revenue of $ 42.50 million for the quarter, compared to analyst estimates of $ 44.44 million. The Washington Real Estate Investment Trust had a net margin of 5.41% and a negative return on equity of 3.95%. Washington Real Estate Investment Trust’s quarterly revenue declined 2.7% year over year. For the same quarter last year, the company had earnings per share of $ 0.36.
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Several brokerage firms have recently published reports on WRE. Truist Securities lowered its price target on shares in Washington Real Estate Investment Trust from $ 24.00 to $ 23.00 and issued a “hold” rating on the stock in a report dated Monday, December 6th. Wells Fargo & Company raised its price target on Washington Real Estate Investment Trust shares from $ 25.00 to $ 27.00 and rated the company “equally weighted” in a report dated Wednesday, December 1st. Zacks Investment Research upgraded Washington Real Estate Investment Trust’s shares from a “sell” rating to a “hold” rating in a report dated Thursday, December 9th. Truist lowered his target price on shares of Washington Real Estate Investment Trust from $ 24.00 to $ 23.00 in a report dated Monday the 6th .00 to $ 29.00 and rated the company a “Buy” on a report on Monday, December 13th. Five equity research analysts have given the stock a hold rating and one has assigned a buy rating to the company’s stock. The Washington Real Estate Investment Trust currently has a consensus rating of “Hold” and a consensus price target of $ 25.60, according to MarketBeat.
Institutional investors and hedge funds have recently bought and sold shares in the company. Vanguard Group Inc. increased its stake in Washington Real Estate Investment Trust by 3.3% in the second quarter. Vanguard Group Inc. now owns 13,444,432 shares in the real estate investment trust valued at $ 309,222,000 after acquiring an additional 433,733 shares last quarter. IndexIQ Advisors LLC increased its stake in Washington Real Estate Investment Trust by 6.2% in the second quarter. IndexIQ Advisors LLC now owns 35,148 shares of the real estate investment trust valued at $ 808,000 after acquiring an additional 2,059 shares in the most recent quarter. Vident Investment Advisory LLC increased its stake in Washington Real Estate Investment Trust by 2.5% in the second quarter. Vident Investment Advisory LLC now owns 38,166 shares of the real estate investment trust valued at $ 878,000 after purchasing an additional 930 shares last quarter. The Teacher Retirement System of Texas increased its stake in Washington Real Estate Investment Trust by 17.5% in the second quarter. The Teacher Retirement System of Texas now owns 10,825 shares in the real estate investment trust, valued at $ 249,000, after purchasing an additional 1,613 shares last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Washington Real Estate Investment Trust by 9.1% in the second quarter. Daiwa Securities Group Inc. now owns 22,227 shares in the real estate investment trust, valued at $ 511,000, after purchasing an additional 1,850 shares last quarter. 91.79% of the shares are currently owned by hedge funds and other institutional investors.
NYSE: WRE shares opened at $ 25.29 on Wednesday. The company has a 50-day moving average price of $ 25.58. The company has a market cap of $ 2.14 billion, a P / E of 180.64, and a beta of 0.86. The company has a quick ratio of 8.31, a current ratio of 8.31, and debt of 0.38. The Washington Real Estate Investment Trust has a 12-month low of $ 20.74 and a 12-month high of $ 27.05.
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 yield of 2.69%. The ex-dividend date of this dividend is Tuesday December 21st. The payout ratio of the Washington Real Estate Investment Trust is 485.71%.
Washington Real Estate Investment Trust company profile
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.
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