Wall Street brokerages predict that Washington Real Estate Investment Trust (NYSE:WRE) will announce sales of $82.69 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Washington Real Estate Investment Trust’s earnings, with estimates ranging from $80.41 million to $83.90 million. Washington Real Estate Investment Trust posted sales of $79.77 million in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The business is scheduled to report its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Washington Real Estate Investment Trust will report full-year sales of $82.69 million for the current financial year, with estimates ranging from $320.70 million to $328.73 million. For the next fiscal year, analysts expect that the company will report sales of $337.83 million per share, with estimates ranging from $331.63 million to $351.82 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Washington Real Estate Investment Trust.

A number of brokerages recently commented on WRE. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Finally, Robert W. Baird upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price target for the company in a research report on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.92.

Several large investors have recently bought and sold shares of WRE. Madden Advisory Services Inc. acquired a new position in shares of Washington Real Estate Investment Trust during the first quarter worth $131,000. Chicago Partners Investment Group LLC acquired a new position in shares of Washington Real Estate Investment Trust during the second quarter worth $163,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Washington Real Estate Investment Trust by 7.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 368 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Washington Real Estate Investment Trust by 29.5% in the first quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 1,300 shares during the period. Finally, Creative Planning boosted its position in shares of Washington Real Estate Investment Trust by 109.9% in the first quarter. Creative Planning now owns 6,261 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 3,278 shares during the period. Institutional investors own 84.95% of the company’s stock.

Washington Real Estate Investment Trust (WRE) opened at 33.09 on Tuesday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 25.03 and a beta of 0.96. The company has a 50 day moving average price of $32.33 and a 200 day moving average price of $32.05. Washington Real Estate Investment Trust has a 52 week low of $27.65 and a 52 week high of $33.96.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. Washington Real Estate Investment Trust’s payout ratio is 90.23%.

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About Washington Real Estate Investment Trust

Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. The Company’s business consists of the ownership and operation of real property in the greater Washington metro region. The Company owns a diversified portfolio of office buildings, multifamily buildings and retail centers.

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

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