Wall Street brokerages predict that Washington Real Estate Investment Trust (NYSE:WRE) will report $0.44 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Washington Real Estate Investment Trust’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.45. Washington Real Estate Investment Trust reported earnings per share of $0.07 in the same quarter last year, which would suggest a positive year over year growth rate of 528.6%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 15th.

On average, analysts expect that Washington Real Estate Investment Trust will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.81 to $1.82. For the next year, analysts forecast that the firm will post earnings of $1.86 per share, with EPS estimates ranging from $1.82 to $1.91. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Washington Real Estate Investment Trust.

Several brokerages have weighed in on WRE. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Capital One Financial reaffirmed an “overweight” rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. TheStreet cut Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. Finally, SunTrust Banks set a $33.00 price objective on Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $34.75.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at $32.21 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a 1-year low of $29.90 and a 1-year high of $33.96. The firm has a market capitalization of $2,530.50, a PE ratio of 17.82, a price-to-earnings-growth ratio of 17.75 and a beta of 0.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. Washington Real Estate Investment Trust’s payout ratio is 400.00%.

Institutional investors have recently bought and sold shares of the business. AXA raised its stake in shares of Washington Real Estate Investment Trust by 62.8% during the 3rd quarter. AXA now owns 414,068 shares of the real estate investment trust’s stock worth $13,565,000 after buying an additional 159,804 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Washington Real Estate Investment Trust by 14.8% during the 3rd 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 buying an additional 13,131 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Washington Real Estate Investment Trust by 330.1% during the 3rd quarter. GSA Capital Partners LLP now owns 32,642 shares of the real estate investment trust’s stock worth $1,069,000 after buying an additional 25,052 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Washington Real Estate Investment Trust by 7.0% during the 3rd quarter. Moors & Cabot Inc. now owns 72,351 shares of the real estate investment trust’s stock worth $2,378,000 after buying an additional 4,705 shares in the last quarter. Finally, Eii Capital Management Inc. purchased a new position in shares of Washington Real Estate Investment Trust during the 3rd quarter worth approximately $1,315,000. 85.55% of the stock is owned by institutional investors.

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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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