Washington Real Estate Investment Trust (NYSE:WRE) – Analysts at Capital One Financial cut their Q3 2018 earnings per share (EPS) estimates for Washington Real Estate Investment Trust in a note issued to investors on Tuesday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $0.47 for the quarter, down from their prior forecast of $0.48. Capital One Financial currently 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 research firms also recently issued reports on WRE. Stifel Nicolaus downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, October 5th. Robert W. Baird reiterated an “outperform” rating and issued a $34.00 price objective on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. TheStreet cut shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. Finally, SunTrust Banks set a $33.00 target price on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.25.

Washington Real Estate Investment Trust (NYSE:WRE) traded down $0.09 during midday trading on Thursday, reaching $28.86. 265,935 shares of the company were exchanged, compared to its average volume of 375,495. The firm has a market capitalization of $2,271.56, a P/E ratio of 96.20, a PEG ratio of 15.61 and a beta of 0.94. Washington Real Estate Investment Trust has a 52 week low of $28.73 and a 52 week high of $33.96. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.05.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Tuesday, December 19th. Washington Real Estate Investment Trust’s payout ratio is currently 400.00%.

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 3,344 shares during the period. Sei Investments Co. grew its holdings in shares of Washington Real Estate Investment Trust by 90.8% during the third quarter. Sei Investments Co. now owns 419,492 shares of the real estate investment trust’s stock worth $13,743,000 after buying an additional 199,684 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Washington Real Estate Investment Trust by 14.3% during the third quarter. Legal & General Group Plc now owns 250,949 shares of the real estate investment trust’s stock worth $8,223,000 after buying an additional 31,440 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Washington Real Estate Investment Trust by 14.3% during the second quarter. Northern Trust Corp now owns 1,810,516 shares of the real estate investment trust’s stock worth $57,756,000 after buying an additional 227,133 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Washington Real Estate Investment Trust by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,065,470 shares of the real estate investment trust’s stock worth $33,989,000 after buying an additional 39,160 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

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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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