Washington Real Estate Investment Trust Forecasted to Earn Q3 2018 Earnings of $0.46 Per Share (WRE)

Washington Real Estate Investment Trust (NYSE:WRE) – Equities researchers at SunTrust Banks cut their Q3 2018 earnings estimates for shares of Washington Real Estate Investment Trust in a research note issued to investors on Monday, October 15th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $0.46 per share for the quarter, down from their previous estimate of $0.47. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s Q4 2018 earnings at $0.46 EPS, FY2019 earnings at $1.85 EPS, FY2020 earnings at $1.85 EPS, FY2021 earnings at $1.90 EPS and FY2022 earnings at $1.96 EPS.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $86.61 million for 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% compared to the same quarter last year.

A number of other research firms have also commented on WRE. ValuEngine raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 29th. Stifel Nicolaus restated a “sell” rating and set a $25.00 target price on shares of Washington Real Estate Investment Trust in a research report on Friday, July 27th. Finally, JPMorgan Chase & Co. downgraded Washington Real Estate Investment Trust from an “overweight” rating to a “neutral” rating in a research report on Friday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $29.75.

Shares of WRE stock opened at $28.17 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $2.41 billion, a P/E ratio of 15.63 and a beta of 0.72. Washington Real Estate Investment Trust has a one year low of $24.92 and a one year high of $33.32.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Washington Real Estate Investment Trust by 1,321.4% in the first quarter. JPMorgan Chase & Co. now owns 529,192 shares of the real estate investment trust’s stock worth $14,448,000 after acquiring an additional 491,961 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Washington Real Estate Investment Trust by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,182,688 shares of the real estate investment trust’s stock worth $32,287,000 after acquiring an additional 42,120 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Washington Real Estate Investment Trust by 15.5% in the first quarter. Hsbc Holdings PLC now owns 13,739 shares of the real estate investment trust’s stock worth $375,000 after acquiring an additional 1,845 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Washington Real Estate Investment Trust by 8.2% in the first quarter. Legal & General Group Plc now owns 278,463 shares of the real estate investment trust’s stock worth $7,602,000 after acquiring an additional 21,127 shares in the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Washington Real Estate Investment Trust in the first quarter worth about $374,000. Institutional investors and hedge funds own 85.49% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 4.26%. Washington Real Estate Investment Trust’s dividend payout ratio is presently 65.93%.

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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