Washington Real Estate Investment Trust (NYSE:WRE) – Equities researchers at SunTrust Banks decreased their Q4 2017 earnings per share estimates for shares of Washington Real Estate Investment Trust in a research note issued to investors on Monday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings per share of $0.43 for the quarter, down from their previous estimate of $0.45. SunTrust Banks currently has a “Hold” rating and a $33.00 price target on the stock. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.45 EPS.

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WRE has been the topic of several other reports. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. Stifel Nicolaus restated a “hold” rating and set a $33.00 target price on shares of Washington Real Estate Investment Trust in a research note on Thursday, September 21st. Robert W. Baird restated an “outperform” rating and set a $34.00 target price on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. BidaskClub upgraded Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, TheStreet downgraded Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.36.

Washington Real Estate Investment Trust (NYSE:WRE) traded down $0.07 during trading hours on Tuesday, reaching $32.58. The company’s stock had a trading volume of 177,000 shares, compared to its average volume of 366,549. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.05. Washington Real Estate Investment Trust has a one year low of $29.90 and a one year high of $33.96. The stock has a market capitalization of $2,561.88, a price-to-earnings ratio of 18.04, a PEG ratio of 17.97 and a beta of 0.95.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 400.00%.

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in Washington Real Estate Investment Trust by 27.4% in the second quarter. Principal Financial Group Inc. now owns 15,564 shares of the real estate investment trust’s stock valued at $496,000 after acquiring an additional 3,344 shares during the period. 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 during the period. Northern Trust Corp boosted its stake in Washington Real Estate Investment Trust by 14.3% in the second quarter. Northern Trust Corp now owns 1,810,516 shares of the real estate investment trust’s stock valued at $57,756,000 after acquiring an additional 227,133 shares during the period. 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 during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Washington Real Estate Investment Trust by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,065,470 shares of the real estate investment trust’s stock valued at $33,989,000 after acquiring an additional 39,160 shares during the period. Institutional investors own 86.17% 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.

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

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