Q4 2018 EPS Estimates for Washington Real Estate Investment Trust (WRE) Cut by SunTrust Banks

Washington Real Estate Investment Trust (NYSE:WRE) – Investment analysts at SunTrust Banks cut their Q4 2018 earnings per share (EPS) estimates for Washington Real Estate Investment Trust in a report issued on Tuesday, October 30th. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.46. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s FY2019 earnings at $1.81 EPS, FY2020 earnings at $1.82 EPS and FY2021 earnings at $1.89 EPS.

A number of other research analysts have also recently weighed in on WRE. Stifel Nicolaus reiterated a “sell” rating and issued a $25.00 target price on shares of Washington Real Estate Investment Trust in a research note on Friday, July 27th. JPMorgan Chase & Co. cut shares of Washington Real Estate Investment Trust from an “overweight” rating to a “neutral” rating in a research note on Friday, October 5th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Washington Real Estate Investment Trust has a consensus rating of “Hold” and an average target price of $29.67.

WRE opened at $27.82 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.26. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 15.29 and a beta of 0.72. Washington Real Estate Investment Trust has a twelve month low of $24.92 and a twelve month high of $33.27.

Washington Real Estate Investment Trust (NYSE:WRE) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). The company had revenue of $82.50 million during the quarter, compared to analysts’ expectations of $84.78 million. Washington Real Estate Investment Trust had a net margin of 6.64% and a return on equity of 2.05%.

Hedge funds have recently made changes to their positions in the stock. Bellecapital International Ltd. purchased a new stake in shares of Washington Real Estate Investment Trust during the 2nd quarter valued at approximately $200,000. Woodstock Corp purchased a new stake in shares of Washington Real Estate Investment Trust during the 2nd quarter valued at approximately $207,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Washington Real Estate Investment Trust during the 2nd quarter valued at approximately $219,000. Chicago Partners Investment Group LLC lifted its stake in shares of Washington Real Estate Investment Trust by 44.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,382 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 2,257 shares in the last quarter. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Washington Real Estate Investment Trust during the 2nd quarter valued at approximately $249,000. Institutional investors own 85.47% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Wednesday, December 19th. Washington Real Estate Investment Trust’s payout ratio is currently 65.93%.

Washington Real Estate Investment Trust Company Profile

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 48 properties consists of approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units. These 48 properties consist of 19 office properties, 16 retail centers and 13 multifamily properties.

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

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