Zacks: Brokerages Anticipate Washington Real Estate Investment Trust (NYSE:WRE) Will Announce Earnings of $0.19 Per Share

Brokerages forecast that Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) will post $0.19 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Washington Real Estate Investment Trust’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.17. Washington Real Estate Investment Trust posted earnings of $0.34 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 44.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Washington Real Estate Investment Trust will report full-year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $0.92. For the next year, analysts forecast that the company will post earnings of $0.99 per share, with EPS estimates ranging from $0.94 to $1.02. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Washington Real Estate Investment Trust.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 25th. StockNews.com initiated coverage on shares of Washington Real Estate Investment Trust in a 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 issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Washington Real Estate Investment Trust has a consensus rating of “Hold” and an average price target of $26.25.

Several institutional investors have recently bought and sold shares of WRE. Widmann Financial Services Inc. bought a new position in shares of Washington Real Estate Investment Trust in the 4th quarter worth $25,000. Trust Co. of Vermont bought a new position in Washington Real Estate Investment Trust in the 4th quarter worth about $32,000. JFS Wealth Advisors LLC bought a new position in Washington Real Estate Investment Trust in the 3rd quarter worth about $42,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Washington Real Estate Investment Trust by 232.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,693 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,183 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Washington Real Estate Investment Trust by 49.3% in the 3rd quarter. Geneos Wealth Management Inc. now owns 2,240 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 740 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Shares of NYSE WRE traded down $0.49 during mid-day trading on Friday, hitting $25.51. The company’s stock had a trading volume of 326,480 shares, compared to its average volume of 414,659. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.14 and a quick ratio of 6.14. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 134.26 and a beta of 0.87. The company’s fifty-day simple moving average is $24.56 and its 200-day simple moving average is $25.11. Washington Real Estate Investment Trust has a one year low of $22.23 and a one year high of $27.05.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Wednesday, March 23rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, March 22nd. Washington Real Estate Investment Trust’s payout ratio is currently 357.89%.

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

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