$83.12 Million in Sales Expected for Washington Real Estate Investment Trust (WRE) This Quarter

Analysts expect that Washington Real Estate Investment Trust (NYSE:WRE) will report $83.12 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Washington Real Estate Investment Trust’s earnings, with the highest sales estimate coming in at $83.90 million and the lowest estimate coming in at $82.24 million. Washington Real Estate Investment Trust posted sales of $79.77 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The firm is expected to announce its next earnings report after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Washington Real Estate Investment Trust will report full year sales of $83.12 million for the current fiscal year, with estimates ranging from $322.99 million to $328.73 million. For the next fiscal year, analysts expect that the business will post sales of $338.65 million per share, with estimates ranging from $329.50 million to $351.82 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Washington Real Estate Investment Trust.

A number of equities analysts have recently issued reports on WRE shares. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $33.00 target price on shares of Washington Real Estate Investment Trust in a research note on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Washington Real Estate Investment Trust presently has an average rating of “Buy” and a consensus price target of $34.58.

TRADEMARK VIOLATION WARNING: This article was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2017/10/10/83-12-million-in-sales-expected-for-washington-real-estate-investment-trust-wre-this-quarter.html.

Shares of Washington Real Estate Investment Trust (WRE) opened at 33.23 on Tuesday. The firm’s 50-day moving average price is $32.84 and its 200 day moving average price is $32.33. Washington Real Estate Investment Trust has a 52-week low of $27.65 and a 52-week high of $33.96. The company has a market capitalization of $2.56 billion, a PE ratio of 25.14 and a beta of 0.97.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.20 annualized dividend and a yield of 3.61%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 90.23%.

A number of institutional investors and hedge funds have recently made changes to their positions in WRE. BlackRock Inc. boosted its stake in Washington Real Estate Investment Trust by 6,009.6% in the first quarter. BlackRock Inc. now owns 6,664,532 shares of the real estate investment trust’s stock valued at $208,468,000 after acquiring an additional 6,555,449 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Washington Real Estate Investment Trust by 285.3% in the second quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock valued at $76,591,000 after acquiring an additional 1,777,764 shares in the last quarter. FMR LLC boosted its stake in Washington Real Estate Investment Trust by 28.3% in the second quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock valued at $74,601,000 after acquiring an additional 516,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in Washington Real Estate Investment Trust by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,847,686 shares of the real estate investment trust’s stock valued at $370,595,000 after acquiring an additional 444,191 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in Washington Real Estate Investment Trust in the first quarter valued at approximately $11,051,000. Institutional investors own 84.99% of the company’s stock.

Washington Real Estate Investment Trust Company Profile

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.

Get a free copy of the Zacks research report on Washington Real Estate Investment Trust (WRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Washington Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply