SunTrust Banks Equities Analysts Decrease Earnings Estimates for Washington Real Estate Investment Trust (WRE)

Washington Real Estate Investment Trust (NYSE:WRE) – Research analysts at SunTrust Banks dropped their FY2018 earnings estimates for shares of Washington Real Estate Investment Trust in a report issued on Tuesday, October 30th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings per share of $1.84 for the year, down from their prior forecast of $1.87. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s FY2022 earnings at $2.00 EPS.

Several other brokerages have also recently commented on WRE. Stifel Nicolaus reissued a “sell” rating and set a $25.00 target price on shares of Washington Real Estate Investment Trust in a report on Friday, July 27th. JPMorgan Chase & Co. cut Washington Real Estate Investment Trust from an “overweight” rating to a “neutral” rating in a report on Friday, October 5th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.67.

Shares of NYSE:WRE opened at $27.87 on Friday. Washington Real Estate Investment Trust has a 12 month low of $24.92 and a 12 month high of $33.27. The company has a market cap of $2.23 billion, a P/E ratio of 15.31 and a beta of 0.78. The company has a current ratio of 1.26, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13.

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

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

A number of large investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC grew its position in Washington Real Estate Investment Trust by 44.0% in the second quarter. Chicago Partners Investment Group LLC now owns 7,382 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 2,257 shares during the last quarter. PEAK6 Investments L.P. grew its position in Washington Real Estate Investment Trust by 12.8% in the second quarter. PEAK6 Investments L.P. now owns 22,237 shares of the real estate investment trust’s stock worth $674,000 after buying an additional 2,524 shares during the last quarter. Rhumbline Advisers grew its position in Washington Real Estate Investment Trust by 3.7% in the second quarter. Rhumbline Advisers now owns 94,659 shares of the real estate investment trust’s stock worth $2,871,000 after buying an additional 3,342 shares during the last quarter. Brown Advisory Inc. grew its position in Washington Real Estate Investment Trust by 2.8% in the first quarter. Brown Advisory Inc. now owns 125,851 shares of the real estate investment trust’s stock worth $3,436,000 after buying an additional 3,374 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its position in Washington Real Estate Investment Trust by 0.5% in the second quarter. Rothschild Asset Management Inc. now owns 1,093,963 shares of the real estate investment trust’s stock worth $33,180,000 after buying an additional 5,085 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

About Washington Real Estate Investment Trust

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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