Zacks: Analysts Expect Washington Real Estate Investment Trust (WRE) to Announce $0.44 Earnings Per Share

Wall Street brokerages expect Washington Real Estate Investment Trust (NYSE:WRE) to report earnings of $0.44 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Washington Real Estate Investment Trust’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. Washington Real Estate Investment Trust reported earnings of $0.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.3%. The firm is expected 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 financial year, with EPS estimates ranging from $1.81 to $1.83. For the next financial year, analysts anticipate that the firm will report earnings of $1.86 per share, with EPS estimates ranging from $1.84 to $1.92. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Washington Real Estate Investment Trust.

WRE has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. SunTrust Banks set a $33.00 target price on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a report on Friday, October 27th. Robert W. Baird reissued an “outperform” rating and issued a $34.00 target price on shares of Washington Real Estate Investment Trust in a report on Tuesday, October 31st. TheStreet downgraded shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a report on Friday, November 3rd. Finally, Capital One Financial reissued an “overweight” rating on shares of Washington Real Estate Investment Trust in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Washington Real Estate Investment Trust presently has a consensus rating of “Hold” and an average price target of $32.00.

Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings 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 buying an additional 31,440 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in 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 purchasing an additional 13,131 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 purchasing an additional 34,377 shares during the last quarter. Sei Investments Co. increased its position in 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 purchasing an additional 199,684 shares during the last quarter. Finally, Perpetual Ltd bought a new stake in Washington Real Estate Investment Trust in the second quarter worth $2,955,000. 85.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Washington Real Estate Investment Trust (WRE) traded up $0.51 during trading hours on Friday, reaching $26.43. 472,932 shares of the company’s stock traded hands, compared to its average volume of 322,442. Washington Real Estate Investment Trust has a twelve month low of $25.87 and a twelve month high of $33.96. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $2,073.83, a P/E ratio of 88.10, a P/E/G ratio of 14.18 and a beta of 0.78.

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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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