$0.46 Earnings Per Share Expected for Washington Real Estate Investment Trust (WRE) This Quarter

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Brokerages predict that Washington Real Estate Investment Trust (NYSE:WRE) will post earnings of $0.46 per share for the current quarter, according to Zacks. Five analysts have made estimates for Washington Real Estate Investment Trust’s earnings, with estimates ranging from $0.45 to $0.46. Washington Real Estate Investment Trust reported earnings of $0.44 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, February 14th.

On average, analysts expect that Washington Real Estate Investment Trust will report full-year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.84 to $1.86. For the next fiscal year, analysts expect that the firm will report earnings of $1.75 per share, with EPS estimates ranging from $1.71 to $1.77. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Washington Real Estate Investment Trust.

Several brokerages have recently commented on WRE. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Raymond James cut their target price on shares of Washington Real Estate Investment Trust from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 30th. Stifel Nicolaus raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating and set a $29.00 target price on the stock in a report on Monday, October 22nd. JPMorgan Chase & Co. cut shares of Washington Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a report on Wednesday, December 19th. Finally, Wells Fargo & Co cut their target price on shares of Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating on the stock in a report on Wednesday, January 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.20.

A number of hedge funds and other institutional investors have recently made changes to their positions in WRE. First Trust Advisors LP grew its stake in shares of Washington Real Estate Investment Trust by 2,592.0% during the 3rd quarter. First Trust Advisors LP now owns 801,605 shares of the real estate investment trust’s stock valued at $24,569,000 after acquiring an additional 771,828 shares during the period. BlackRock Inc. grew its position in shares of Washington Real Estate Investment Trust by 4.3% during the 4th quarter. BlackRock Inc. now owns 8,294,802 shares of the real estate investment trust’s stock worth $190,781,000 after buying an additional 342,603 shares in the last quarter. FMR LLC grew its position in shares of Washington Real Estate Investment Trust by 8.4% during the 2nd quarter. FMR LLC now owns 3,969,366 shares of the real estate investment trust’s stock worth $120,392,000 after buying an additional 305,943 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Washington Real Estate Investment Trust by 8.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,986,980 shares of the real estate investment trust’s stock worth $91,551,000 after buying an additional 234,897 shares in the last quarter. Finally, Thornburg Investment Management Inc. grew its position in shares of Washington Real Estate Investment Trust by 5.6% during the 4th quarter. Thornburg Investment Management Inc. now owns 3,141,427 shares of the real estate investment trust’s stock worth $72,253,000 after buying an additional 166,000 shares in the last quarter. Hedge funds and other institutional investors own 84.14% of the company’s stock.

NYSE WRE traded down $0.46 on Friday, hitting $25.74. 313,325 shares of the company’s stock were exchanged, compared to its average volume of 438,521. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. Washington Real Estate Investment Trust has a fifty-two week low of $22.53 and a fifty-two week high of $31.85. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 14.14 and a beta of 0.98.

Washington Real Estate Investment Trust Company Profile

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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