Washington Real Estate Investment Trust (NYSE:WRE) – Research analysts at SunTrust Banks cut their FY2017 EPS estimates for shares of Washington Real Estate Investment Trust in a note issued to investors on Monday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $1.81 per share for the year, down from their previous forecast of $1.83. SunTrust Banks has a “Hold” rating and a $33.00 price objective on the stock. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s Q1 2018 earnings at $0.45 EPS, FY2018 earnings at $1.82 EPS, FY2019 earnings at $1.84 EPS, FY2020 earnings at $1.94 EPS and FY2021 earnings at $1.98 EPS.

Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, October 5th. TheStreet downgraded shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Thursday, September 21st. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $34.00 price target on shares of Washington Real Estate Investment Trust in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $34.36.

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Washington Real Estate Investment Trust (NYSE WRE) opened at $32.58 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.05. The stock has a market cap of $2,550.00, a P/E ratio of 18.04, a P/E/G ratio of 17.97 and a beta of 0.95. Washington Real Estate Investment Trust has a 1-year low of $29.90 and a 1-year high of $33.96.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, December 19th. Washington Real Estate Investment Trust’s payout ratio is currently 400.00%.

A number of institutional investors and hedge funds have recently made changes to their positions in WRE. Teachers Advisors LLC increased its position in Washington Real Estate Investment Trust by 2.7% in the first quarter. Teachers Advisors LLC now owns 126,784 shares of the real estate investment trust’s stock worth $3,966,000 after purchasing an additional 3,383 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Washington Real Estate Investment Trust by 7.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,026,310 shares of the real estate investment trust’s stock worth $32,103,000 after purchasing an additional 68,401 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Washington Real Estate Investment Trust in the first quarter worth $210,000. State of Alaska Department of Revenue increased its position in Washington Real Estate Investment Trust by 23.6% in the second quarter. State of Alaska Department of Revenue now owns 10,990 shares of the real estate investment trust’s stock worth $350,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Aperio Group LLC increased its position in Washington Real Estate Investment Trust by 21.4% in the second quarter. Aperio Group LLC now owns 12,547 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 2,208 shares during the last quarter. Institutional investors own 86.17% 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.

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

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