Washington Real Estate Investment Trust (NYSE:WRE) – Equities research analysts at Capital One Financial dropped their Q1 2019 earnings per share (EPS) estimates for Washington Real Estate Investment Trust in a research note issued on Tuesday, February 19th, Zacks Investment Researchreports. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $0.39 per share for the quarter, down from their prior estimate of $0.44. Capital One Financial also issued estimates for Washington Real Estate Investment Trust’s Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.45 EPS and Q4 2019 earnings at $0.45 EPS.
Several other research firms have also issued reports on WRE. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday. Wells Fargo & Co lowered their price target on shares of Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating for the company in a report on Wednesday, January 16th. JPMorgan Chase & Co. lowered shares of Washington Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a report on Wednesday, December 19th. Finally, Raymond James lowered their price objective on shares of Washington Real Estate Investment Trust from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Washington Real Estate Investment Trust has an average rating of “Hold” and an average target price of $29.60.
Washington Real Estate Investment Trust stock traded up $0.01 during mid-day trading on Thursday, hitting $27.25. 610,228 shares of the stock were exchanged, compared to its average volume of 901,866. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.26 and a current ratio of 1.37. Washington Real Estate Investment Trust has a 12 month low of $22.53 and a 12 month high of $31.85. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 14.65 and a beta of 0.98.
Washington Real Estate Investment Trust (NYSE:WRE) last released its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Washington Real Estate Investment Trust had a net margin of 7.61% and a return on equity of 2.38%. The firm had revenue of $82.90 million during the quarter, compared to analyst estimates of $83.63 million. During the same quarter last year, the business earned $0.45 EPS. The company’s revenue was up 2.0% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in shares of Washington Real Estate Investment Trust by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 11,420,116 shares of the real estate investment trust’s stock valued at $350,027,000 after acquiring an additional 54,033 shares in the last quarter. Vanguard Group Inc. grew its position in Washington Real Estate Investment Trust by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,420,116 shares of the real estate investment trust’s stock valued at $350,027,000 after purchasing an additional 54,033 shares during the period. Keybank National Association OH grew its position in Washington Real Estate Investment Trust by 5.7% in the 3rd quarter. Keybank National Association OH now owns 58,875 shares of the real estate investment trust’s stock valued at $1,805,000 after purchasing an additional 3,200 shares during the period. MetLife Investment Advisors LLC grew its position in Washington Real Estate Investment Trust by 57.3% in the 3rd quarter. MetLife Investment Advisors LLC now owns 54,974 shares of the real estate investment trust’s stock valued at $1,685,000 after purchasing an additional 20,027 shares during the period. Finally, Strs Ohio grew its position in Washington Real Estate Investment Trust by 7.5% in the 4th quarter. Strs Ohio now owns 138,959 shares of the real estate investment trust’s stock valued at $3,196,000 after purchasing an additional 9,745 shares during the period. Institutional investors own 84.78% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.40%. Washington Real Estate Investment Trust’s dividend payout ratio is currently 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.