Zacks: Brokerages Anticipate Washington Real Estate Investment Trust (NYSE:WRE) Will Announce Earnings of $0.40 Per Share

Analysts predict that Washington Real Estate Investment Trust (NYSE:WRE) will report earnings of $0.40 per share for the current quarter, according to Zacks. Five analysts have made estimates for Washington Real Estate Investment Trust’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.40. Washington Real Estate Investment Trust reported earnings per share of $0.46 in the same quarter last year, which would suggest a negative year over year growth rate of 13%. The company is scheduled to issue its next earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Washington Real Estate Investment Trust will report full year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.70 to $1.72. For the next fiscal year, analysts expect that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.57 to $1.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Washington Real Estate Investment Trust.

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

Separately, Zacks Investment Research raised Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Sunday, November 3rd.

Shares of NYSE WRE traded down $0.14 during trading hours on Wednesday, reaching $30.35. 344,852 shares of the stock traded hands, compared to its average volume of 544,866. The company has a market capitalization of $2.50 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 18.13 and a beta of 0.92. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. Washington Real Estate Investment Trust has a 52-week low of $22.53 and a 52-week high of $31.41. The company’s 50-day simple moving average is $30.29 and its two-hundred day simple moving average is $27.92.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be paid a $0.30 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.95%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 64.52%.

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in Washington Real Estate Investment Trust in the 2nd quarter worth approximately $35,000. Tower Research Capital LLC TRC purchased a new position in Washington Real Estate Investment Trust in the 2nd quarter worth approximately $38,000. North Star Investment Management Corp. purchased a new position in Washington Real Estate Investment Trust in the 3rd quarter worth approximately $53,000. Steward Partners Investment Advisory LLC purchased a new position in Washington Real Estate Investment Trust in the 2nd quarter worth approximately $85,000. Finally, Advisory Services Network LLC increased its stake in Washington Real Estate Investment Trust by 654.5% in the 2nd quarter. Advisory Services Network LLC now owns 3,184 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 2,762 shares during the period. 90.26% of the stock is currently owned by institutional investors and hedge funds.

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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