Analysts Offer Predictions for Washington Real Estate Investment Trust’s Q1 2018 Earnings (WRE)

Washington Real Estate Investment Trust (NYSE:WRE) – Research analysts at Capital One Financial lifted their Q1 2018 earnings estimates for shares of Washington Real Estate Investment Trust in a research report issued on Tuesday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $0.46 per share for the quarter, up from their previous estimate of $0.44. Capital One Financial has a “Overweight” rating on the stock.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Thursday, October 5th. TheStreet lowered shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price target on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. SunTrust Banks set a $33.00 price target on shares of Washington Real Estate Investment Trust and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Robert W. Baird reissued an “outperform” rating and set a $34.00 price target on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. One equities research 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 a consensus price target of $34.25.

Washington Real Estate Investment Trust (NYSE:WRE) opened at $28.86 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a 12-month low of $28.73 and a 12-month high of $33.96. The firm has a market cap of $2,271.56, a PE ratio of 96.20, a P/E/G ratio of 15.61 and a beta of 0.94.

Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Washington Real Estate Investment Trust by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock worth $193,000 after acquiring an additional 570 shares during the period. Teacher Retirement System of Texas bought a new stake in Washington Real Estate Investment Trust in the third quarter worth about $206,000. Citadel Advisors LLC bought a new stake in Washington Real Estate Investment Trust in the second quarter worth about $203,000. Ameritas Investment Partners Inc. raised its position in Washington Real Estate Investment Trust by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 437 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Washington Real Estate Investment Trust in the second quarter worth about $242,000. 85.37% of the stock is currently owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.16%. The ex-dividend date was Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio is 400.00%.

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About Washington Real Estate Investment Trust

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.

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

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