Truist Securiti Analysts Decrease Earnings Estimates for Washington Real Estate Investment Trust (NYSE:WRE)

Washington Real Estate Investment Trust (NYSE:WRE) – Stock analysts at Truist Securiti reduced their Q3 2021 earnings per share estimates for shares of Washington Real Estate Investment Trust in a research note issued on Wednesday, September 22nd. Truist Securiti analyst M. Lewis now forecasts that the real estate investment trust will post earnings of $0.19 per share for the quarter, down from their previous estimate of $0.20. Truist Securiti also issued estimates for Washington Real Estate Investment Trust’s Q4 2021 earnings at $0.20 EPS, FY2021 earnings at $1.09 EPS, Q1 2022 earnings at $0.20 EPS, Q2 2022 earnings at $0.24 EPS, Q3 2022 earnings at $0.23 EPS, Q4 2022 earnings at $0.23 EPS, FY2022 earnings at $0.90 EPS, FY2023 earnings at $0.99 EPS, FY2024 earnings at $1.03 EPS and FY2025 earnings at $1.07 EPS.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 15th. Raymond James downgraded shares of Washington Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, June 17th.

Washington Real Estate Investment Trust stock opened at $25.23 on Thursday. The stock’s 50 day simple moving average is $24.69 and its two-hundred day simple moving average is $23.97. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -105.13 and a beta of 0.92. Washington Real Estate Investment Trust has a fifty-two week low of $16.95 and a fifty-two week high of $27.05.

Washington Real Estate Investment Trust (NYSE:WRE) last issued its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.17). Washington Real Estate Investment Trust had a negative return on equity of 2.30% and a negative net margin of 7.88%.

Several institutional investors have recently modified their holdings of the stock. Clean Yield Group acquired a new position in Washington Real Estate Investment Trust during the second quarter worth about $3,742,000. Barclays PLC increased its stake in Washington Real Estate Investment Trust by 62.9% during the 1st quarter. Barclays PLC now owns 185,328 shares of the real estate investment trust’s stock worth $4,097,000 after buying an additional 71,533 shares during the period. Geode Capital Management LLC grew its holdings in Washington Real Estate Investment Trust by 4.7% during the 1st quarter. Geode Capital Management LLC now owns 1,555,881 shares of the real estate investment trust’s stock worth $34,384,000 after acquiring an additional 70,315 shares in the last quarter. IndexIQ Advisors LLC grew its holdings in Washington Real Estate Investment Trust by 6.2% during the 2nd quarter. IndexIQ Advisors LLC now owns 35,148 shares of the real estate investment trust’s stock worth $808,000 after acquiring an additional 2,059 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Washington Real Estate Investment Trust by 1.5% during the 1st quarter. Royal Bank of Canada now owns 68,042 shares of the real estate investment trust’s stock worth $1,504,000 after acquiring an additional 1,024 shares in the last quarter. 88.91% of the stock is owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 5th. Shareholders of record on Wednesday, September 22nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.70%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 46.90%.

About Washington Real Estate Investment Trust

Washington Real Estate Investment Trust engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office and Multifamily. The Office segment provides office space for various types of businesses and professions. The Multifamily segment provides rental housing for individuals and families throughout Washington metro region.

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

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