Brokerages Anticipate Washington Real Estate Investment Trust (WRE) Will Post Quarterly Sales of $81.94 Million

Analysts expect Washington Real Estate Investment Trust (NYSE:WRE) to announce sales of $81.94 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Washington Real Estate Investment Trust’s earnings, with the lowest sales estimate coming in at $80.01 million and the highest estimate coming in at $83.40 million. Washington Real Estate Investment Trust reported sales of $76.95 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The business is expected to report its next earnings report after the market closes on Thursday, February 15th.

On average, analysts expect that Washington Real Estate Investment Trust will report full year sales of $81.94 million for the current financial year, with estimates ranging from $323.79 million to $327.17 million. For the next year, analysts expect that the company will report sales of $336.44 million per share, with estimates ranging from $327.39 million to $346.15 million. Zacks’ sales averages are an average based on a survey of analysts that follow Washington Real Estate Investment Trust.

A number of research firms have weighed in on WRE. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Capital One Financial restated an “overweight” rating on shares of Washington Real Estate Investment Trust in a research note on Monday, November 20th. SunTrust Banks set a $31.00 price objective on shares of Washington Real Estate Investment Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. TheStreet lowered shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird restated an “outperform” rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.00.

Several hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. grew 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 period. Citadel Advisors LLC bought a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter worth approximately $4,053,000. UBS Asset Management Americas Inc. grew its stake in shares of Washington Real Estate Investment Trust by 14.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 188,324 shares of the real estate investment trust’s stock worth $5,861,000 after acquiring an additional 23,894 shares during the period. BlackRock Inc. grew its stake in shares of Washington Real Estate Investment Trust by 3.9% in the fourth quarter. BlackRock Inc. now owns 7,501,045 shares of the real estate investment trust’s stock worth $233,432,000 after acquiring an additional 284,119 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Washington Real Estate Investment Trust by 7.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,091,229 shares of the real estate investment trust’s stock worth $33,959,000 after acquiring an additional 75,999 shares during the period. Hedge funds and other institutional investors own 84.63% of the company’s stock.

Shares of Washington Real Estate Investment Trust (NYSE WRE) opened at $26.25 on Tuesday. The firm has a market cap of $2,073.83, a PE ratio of 87.50, a price-to-earnings-growth ratio of 14.18 and a beta of 0.78. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.30 and a current ratio of 1.30. Washington Real Estate Investment Trust has a 12 month low of $25.43 and a 12 month high of $33.96.

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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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