Zacks: Brokerages Anticipate Washington Real Estate Investment Trust (NYSE:WRE) Will Announce Quarterly Sales of $77.90 Million

Analysts forecast that Washington Real Estate Investment Trust (NYSE:WRE) will report $77.90 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Washington Real Estate Investment Trust’s earnings, with estimates ranging from $74.65 million to $80.66 million. Washington Real Estate Investment Trust reported sales of $82.90 million in the same quarter last year, which indicates a negative year-over-year growth rate of 6%. The company is scheduled to announce its next earnings report after the market closes on Thursday, February 13th.

On average, analysts expect that Washington Real Estate Investment Trust will report full year sales of $316.46 million for the current fiscal year, with estimates ranging from $308.87 million to $320.91 million. For the next fiscal year, analysts anticipate that the firm will report sales of $315.20 million, with estimates ranging from $310.71 million to $325.68 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Washington Real Estate Investment Trust.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.49). Washington Real Estate Investment Trust had a negative return on equity of 0.55% and a net margin of 103.68%. The company had revenue of $80.26 million for the quarter, compared to the consensus estimate of $78.81 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year.

Separately, Zacks Investment Research restated a “sell” rating on shares of Washington Real Estate Investment Trust in a report on Saturday, January 11th.

Hedge funds have recently bought and sold shares of the business. Pinebridge Investments L.P. increased its position in Washington Real Estate Investment Trust by 11.8% during the second quarter. Pinebridge Investments L.P. now owns 64,911 shares of the real estate investment trust’s stock valued at $1,735,000 after acquiring an additional 6,859 shares during the last quarter. Pensionfund DSM Netherlands increased its position in Washington Real Estate Investment Trust by 181.3% during the fourth quarter. Pensionfund DSM Netherlands now owns 45,000 shares of the real estate investment trust’s stock valued at $1,313,000 after acquiring an additional 29,000 shares during the last quarter. Evoke Wealth LLC bought a new position in Washington Real Estate Investment Trust during the third quarter valued at $27,000. BlackRock Inc. increased its position in Washington Real Estate Investment Trust by 23.0% during the second quarter. BlackRock Inc. now owns 13,946,660 shares of the real estate investment trust’s stock valued at $372,795,000 after acquiring an additional 2,605,643 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Washington Real Estate Investment Trust by 17.8% during the third quarter. SG Americas Securities LLC now owns 44,164 shares of the real estate investment trust’s stock valued at $1,208,000 after acquiring an additional 6,673 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Shares of Washington Real Estate Investment Trust stock traded up $0.08 on Monday, reaching $30.74. The company had a trading volume of 7,655 shares, compared to its average volume of 392,540. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 18.89 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50-day moving average price is $29.80 and its two-hundred day moving average price is $28.44. Washington Real Estate Investment Trust has a 1 year low of $23.87 and a 1 year high of $31.41.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Friday, December 20th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 64.52%.

About Washington Real Estate Investment Trust

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units.

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

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