Equities research analysts forecast that Washington Real Estate Investment Trust (NYSE:WRE) will post $82.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Washington Real Estate Investment Trust’s earnings. The lowest sales estimate is $80.41 million and the highest is $83.90 million. Washington Real Estate Investment Trust posted sales of $79.77 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Washington Real Estate Investment Trust will report full year sales of $82.69 million for the current financial year, with estimates ranging from $320.70 million to $328.73 million. For the next fiscal year, analysts forecast that the company will post sales of $337.83 million per share, with estimates ranging from $331.63 million to $351.82 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Washington Real Estate Investment Trust.

WRE has been the subject of a number of recent research reports. BidaskClub raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Friday, July 14th. Finally, Robert W. Baird raised shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.92.

Several large investors have recently made changes to their positions in the stock. Credit Agricole S A increased its stake in shares of Washington Real Estate Investment Trust by 15.5% in the first quarter. Credit Agricole S A now owns 54,001 shares of the real estate investment trust’s stock worth $1,690,000 after buying an additional 7,250 shares in the last quarter. Creative Planning raised its position in Washington Real Estate Investment Trust by 109.9% in the first quarter. Creative Planning now owns 6,261 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 3,278 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Washington Real Estate Investment Trust by 7.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 368 shares during the last quarter. State of Alaska Department of Revenue raised its position in Washington Real Estate Investment Trust by 12.7% in the first quarter. State of Alaska Department of Revenue now owns 8,890 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 1,000 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in Washington Real Estate Investment Trust during the first quarter worth about $2,581,000. 84.95% of the stock is owned by institutional investors and hedge funds.

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Washington Real Estate Investment Trust (WRE) opened at 33.09 on Tuesday. The company has a 50-day moving average price of $32.33 and a 200 day moving average price of $32.05. Washington Real Estate Investment Trust has a 12-month low of $27.65 and a 12-month high of $33.96. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 25.03 and a beta of 0.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, September 14th. Washington Real Estate Investment Trust’s dividend payout ratio is presently 90.23%.

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.

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

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