Q3 2018 EPS Estimates for Washington Real Estate Investment Trust (WRE) Cut by Analyst

Washington Real Estate Investment Trust (NYSE:WRE) – SunTrust Banks cut their Q3 2018 EPS estimates for shares of Washington Real Estate Investment Trust in a report released on Wednesday, May 9th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.47. SunTrust Banks has a “Hold” rating and a $28.00 price target on the stock. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.85 EPS, FY2019 earnings at $1.87 EPS, FY2020 earnings at $1.89 EPS and FY2021 earnings at $1.96 EPS.

Washington Real Estate Investment Trust (NYSE:WRE) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.41). The firm had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $81.94 million. Washington Real Estate Investment Trust had a net margin of 4.91% and a return on equity of 1.49%.

A number of other analysts also recently commented on WRE. Stifel Nicolaus restated a “sell” rating and issued a $26.00 target price on shares of Washington Real Estate Investment Trust in a research note on Monday, January 15th. JPMorgan Chase lowered their target price on Washington Real Estate Investment Trust from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.40.

Shares of WRE opened at $28.55 on Monday. Washington Real Estate Investment Trust has a 52 week low of $28.40 and a 52 week high of $29.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $2.27 billion, a PE ratio of 15.69, a P/E/G ratio of 15.57 and a beta of 0.77.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.30 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.20%. Washington Real Estate Investment Trust’s payout ratio is 65.93%.

Institutional investors and hedge funds have recently modified their holdings of the company. Koch Industries Inc. purchased a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter worth about $204,000. Vident Investment Advisory LLC purchased a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter worth about $214,000. Parametrica Management Ltd purchased a new stake in shares of Washington Real Estate Investment Trust in the first quarter worth about $289,000. Wolverine Asset Management LLC purchased a new stake in shares of Washington Real Estate Investment Trust in the fourth quarter worth about $355,000. Finally, SG Americas Securities LLC boosted its stake in shares of Washington Real Estate Investment Trust by 20.6% in the first quarter. SG Americas Securities LLC now owns 13,261 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 2,264 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

About Washington Real Estate Investment Trust

Washington REIT is a self-administered, equity real estate investment trust investing in income-producing properties in the greater Washington metro region. Washington REIT owns a diversified portfolio of 49 properties, totaling approximately 6.4 million square feet of commercial space and 4,268 multifamily units, and land held for development.

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

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