Washington Real Estate Investment Trust (NYSE:WRE) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company earned $76.90 million during the quarter, compared to analyst estimates of $77.56 million. Washington Real Estate Investment Trust had a net margin of 55.81% and a return on equity of 19.15%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS.

Washington Real Estate Investment Trust (NYSE:WRE) opened at 32.65 on Friday. Washington Real Estate Investment Trust has a 1-year low of $25.14 and a 1-year high of $34.61. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 13.13 and a beta of 0.89. The firm has a 50-day moving average of $32.17 and a 200 day moving average of $31.48.

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

Several research analysts have weighed in on WRE shares. Raymond James Financial, Inc. upgraded shares of Washington Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a $35.50 price objective on the stock in a research note on Monday, January 9th. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 2nd. Wells Fargo & Company reiterated a “hold” rating and issued a $32.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Thursday, December 1st. Finally, J P Morgan Chase & Co upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “overweight” rating and set a $36.00 price objective on the stock in a research note on Friday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Washington Real Estate Investment Trust currently has a consensus rating of “Hold” and a consensus target price of $34.30.

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Several large investors have recently modified their holdings of the company. Independent Advisor Alliance purchased a new position in Washington Real Estate Investment Trust during the fourth quarter valued at $104,000. Aperio Group LLC raised its position in Washington Real Estate Investment Trust by 3.6% in the third quarter. Aperio Group LLC now owns 7,545 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 265 shares during the last quarter. Amalgamated Bank raised its position in Washington Real Estate Investment Trust by 8.4% in the second quarter. Amalgamated Bank now owns 7,929 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 614 shares during the last quarter. Quantbot Technologies LP purchased a new position in Washington Real Estate Investment Trust during the third quarter valued at $254,000. Finally, Neuberger Berman Group LLC purchased a new position in Washington Real Estate Investment Trust during the second quarter valued at $269,000. Institutional investors own 87.44% of the company’s stock.

Washington Real Estate Investment Trust Company Profile

Washington Real Estate Investment Trust is a self-administered, self-managed equity real estate investment trust. The Company’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. The Company’s three segments include office, retail and multifamily.

5 Day Chart for NYSE:WRE

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