Equities research analysts predict that Washington Real Estate Investment Trust (NYSE:WRE) will post earnings per share of $0.46 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Washington Real Estate Investment Trust’s earnings, with estimates ranging from $0.46 to $0.47. Washington Real Estate Investment Trust also posted earnings of $0.46 per share in the same quarter last year. The firm is expected to report its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that Washington Real Estate Investment Trust will report full year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.88. For the next year, analysts anticipate that the business will post earnings of $1.88 per share, with EPS estimates ranging from $1.86 to $1.93. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Washington Real Estate Investment Trust.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its earnings results on Thursday, July 26th. The real estate investment trust reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $86.61 million during the quarter, compared to analyst estimates of $85.06 million. Washington Real Estate Investment Trust had a return on equity of 1.76% and a net margin of 5.72%. The company’s revenue was up 3.8% on a year-over-year basis.

A number of analysts have commented on WRE shares. ValuEngine lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Stifel Nicolaus reissued a “sell” rating and issued a $25.00 target price on shares of Washington Real Estate Investment Trust in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Washington Real Estate Investment Trust has an average rating of “Hold” and a consensus price target of $31.20.

Washington Real Estate Investment Trust stock opened at $31.11 on Wednesday. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 17.34 and a beta of 0.73. Washington Real Estate Investment Trust has a 12 month low of $24.92 and a 12 month high of $33.75. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.41 and a quick ratio of 1.41.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Thursday, September 13th. Washington Real Estate Investment Trust’s payout ratio is currently 65.93%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WRE. Wells Fargo & Company MN lifted its position in Washington Real Estate Investment Trust by 16.8% during the first quarter. Wells Fargo & Company MN now owns 1,274,995 shares of the real estate investment trust’s stock valued at $34,808,000 after purchasing an additional 183,766 shares in the last quarter. Westpac Banking Corp lifted its position in Washington Real Estate Investment Trust by 253.9% during the first quarter. Westpac Banking Corp now owns 170,588 shares of the real estate investment trust’s stock valued at $4,657,000 after purchasing an additional 122,388 shares in the last quarter. SG Americas Securities LLC lifted its position in Washington Real Estate Investment Trust by 20.6% during the first quarter. SG Americas Securities LLC now owns 13,261 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 2,264 shares in the last quarter. Parametrica Management Ltd purchased a new position in Washington Real Estate Investment Trust during the first quarter valued at $289,000. Finally, Virginia Retirement Systems ET AL lifted its position in Washington Real Estate Investment Trust by 1,186.6% during the first quarter. Virginia Retirement Systems ET AL now owns 153,100 shares of the real estate investment trust’s stock valued at $4,180,000 after purchasing an additional 141,200 shares in the last quarter. Institutional investors own 85.49% of the company’s stock.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 48 properties consists of approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units. These 48 properties consist of 19 office properties, 16 retail centers and 13 multifamily properties.

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

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