Washington Real Estate Investment Trust Expected to Post Q3 2018 Earnings of $0.47 Per Share (WRE)

Washington Real Estate Investment Trust (NYSE:WRE) – Equities research analysts at Capital One Financial cut their Q3 2018 EPS estimates for shares of Washington Real Estate Investment Trust in a research report issued to clients and investors on Tuesday. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $0.47 for the quarter, down from their prior estimate of $0.48. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Washington Real Estate Investment Trust’s Q4 2018 earnings at $0.45 EPS and FY2019 earnings at $1.90 EPS.

A number of other brokerages have also recently weighed in on WRE. Zacks Investment Research cut Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. TheStreet cut Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. SunTrust Banks set a $33.00 price target on Washington Real Estate Investment Trust and gave the company a “hold” rating in a research report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a research report on Thursday, September 21st. Finally, Robert W. Baird restated an “outperform” rating and issued a $34.00 price target on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $34.25.

Shares of Washington Real Estate Investment Trust (WRE) traded up $0.04 during mid-day trading on Thursday, hitting $28.95. The stock had a trading volume of 302,000 shares, compared to its average volume of 498,013. Washington Real Estate Investment Trust has a twelve month low of $28.73 and a twelve month high of $33.96. The stock has a market capitalization of $2,280.00, a PE ratio of 96.50, a P/E/G ratio of 15.88 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.05.

Several hedge funds have recently made changes to their positions in WRE. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Washington Real Estate Investment Trust by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 570 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Washington Real Estate Investment Trust during the third quarter valued at $206,000. Citadel Advisors LLC acquired a new stake in shares of Washington Real Estate Investment Trust during the second quarter valued at $203,000. Ameritas Investment Partners Inc. boosted its stake in shares of Washington Real Estate Investment Trust by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 437 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Washington Real Estate Investment Trust during the second quarter valued at $242,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 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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