Washington Real Estate Investment Trust to Post FY2018 Earnings of $1.87 Per Share, SunTrust Banks Forecasts (NYSE:WRE)

Washington Real Estate Investment Trust (NYSE:WRE) – Stock analysts at SunTrust Banks raised their FY2018 EPS estimates for shares of Washington Real Estate Investment Trust in a report issued on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will earn $1.87 per share for the year, up from their previous estimate of $1.86. SunTrust Banks currently has a “Hold” rating and a $28.00 price target on the stock. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s FY2020 earnings at $1.91 EPS and FY2022 earnings at $2.09 EPS.

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Washington Real Estate Investment Trust (NYSE:WRE) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.41). Washington Real Estate Investment Trust had a net margin of 6.04% and a return on equity of 1.80%. The business had revenue of $81.30 million for the quarter, compared to analyst estimates of $81.94 million.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus reissued a “sell” rating on shares of Washington Real Estate Investment Trust in a report on Friday, February 16th. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.25.

WRE stock opened at $26.19 on Friday. Washington Real Estate Investment Trust has a 1-year low of $24.92 and a 1-year high of $33.96. The stock has a market cap of $2,055.86, a PE ratio of 100.73, a P/E/G ratio of 14.05 and a beta of 0.86. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.05.

A number of hedge funds have recently made changes to their positions in WRE. Dimensional Fund Advisors LP raised its stake in shares of Washington Real Estate Investment Trust by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,099,847 shares of the real estate investment trust’s stock worth $36,032,000 after acquiring an additional 34,377 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Washington Real Estate Investment Trust by 14.3% in the third quarter. Legal & General Group Plc now owns 250,949 shares of the real estate investment trust’s stock worth $8,223,000 after acquiring an additional 31,440 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Washington Real Estate Investment Trust by 14.8% in the third quarter. Public Employees Retirement System of Ohio now owns 101,761 shares of the real estate investment trust’s stock worth $3,334,000 after acquiring an additional 13,131 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Washington Real Estate Investment Trust by 5.0% in the fourth quarter. Baird Financial Group Inc. now owns 39,695 shares of the real estate investment trust’s stock worth $1,235,000 after acquiring an additional 1,908 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Washington Real Estate Investment Trust by 90.8% in the third quarter. Sei Investments Co. now owns 419,492 shares of the real estate investment trust’s stock worth $13,743,000 after acquiring an additional 199,684 shares during the last quarter. 84.07% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Wednesday, March 14th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 461.56%.

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Washington Real Estate Investment Trust Company Profile

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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