Wall Street brokerages forecast that Washington Real Estate Investment Trust (NYSE:WRE) will announce $0.46 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Washington Real Estate Investment Trust’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.45. Washington Real Estate Investment Trust posted earnings per share of $1.07 during the same quarter last year, which suggests a negative year over year growth rate of 57%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Washington Real Estate Investment Trust will report full-year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.85. For the next year, analysts anticipate that the business will post earnings of $1.88 per share, with EPS estimates ranging from $1.83 to $1.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Washington Real Estate Investment Trust.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub upgraded Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 target price on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.92.

Washington Real Estate Investment Trust (NYSE:WRE) traded up 0.28% during midday trading on Tuesday, reaching $32.60. 349,606 shares of the company were exchanged. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 24.15 and a beta of 0.97. The firm’s 50-day moving average price is $32.86 and its 200 day moving average price is $32.14. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 90.23%.

COPYRIGHT VIOLATION WARNING: “Brokerages Expect Washington Real Estate Investment Trust (WRE) to Announce $0.46 Earnings Per Share” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/09/24/brokerages-expect-washington-real-estate-investment-trust-wre-to-announce-0-46-earnings-per-share.html.

A number of large investors have recently added to or reduced their stakes in WRE. BlackRock Inc. increased its holdings in Washington Real Estate Investment Trust by 6,009.6% in the first quarter. BlackRock Inc. now owns 6,664,532 shares of the real estate investment trust’s stock worth $208,468,000 after buying an additional 6,555,449 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Washington Real Estate Investment Trust by 285.3% in the second quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock worth $76,591,000 after buying an additional 1,777,764 shares during the last quarter. FMR LLC increased its holdings in Washington Real Estate Investment Trust by 28.3% in the second quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock worth $74,601,000 after buying an additional 516,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in Washington Real Estate Investment Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock worth $370,595,000 after buying an additional 444,191 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in Washington Real Estate Investment Trust in the first quarter worth approximately $11,051,000. Hedge funds and other institutional investors own 84.87% of the company’s stock.

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.

Get a free copy of the Zacks research report on Washington Real Estate Investment Trust (WRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Washington Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.