Washington Real Estate Investment Trust (NYSE:WRE) – Investment analysts at SunTrust Banks reduced their FY2017 EPS estimates for shares of Washington Real Estate Investment Trust in a research report issued to clients and investors on Monday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings per share of $1.81 for the year, down from their previous estimate of $1.83. 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 Q1 2018 earnings at $0.45 EPS, FY2018 earnings at $1.82 EPS, FY2019 earnings at $1.84 EPS, FY2020 earnings at $1.94 EPS and FY2021 earnings at $1.98 EPS.

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Other analysts have also recently issued reports about the stock. Capital One Financial Corporation restated an “overweight” rating on shares of Washington Real Estate Investment Trust in a research note on Monday. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. 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, Robert W. Baird reiterated an “outperform” rating and issued a $34.00 target price on shares of Washington Real Estate Investment Trust in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.36.

Shares of Washington Real Estate Investment Trust (WRE) opened at $32.65 on Wednesday. The company has a market cap of $2,541.48, a P/E ratio of 17.90, a P/E/G ratio of 17.80 and a beta of 0.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.30 and a current ratio of 1.30. Washington Real Estate Investment Trust has a 52 week low of $29.90 and a 52 week high of $33.96.

A number of hedge funds and other institutional investors have recently bought and sold shares of WRE. Bank of New York Mellon Corp lifted its stake in Washington Real Estate Investment Trust by 285.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,400,962 shares of the real estate investment trust’s stock worth $76,591,000 after purchasing an additional 1,777,764 shares in the last quarter. Rothschild Asset Management Inc. purchased a new stake in Washington Real Estate Investment Trust in the 3rd quarter worth approximately $37,349,000. FMR LLC raised its position in shares of Washington Real Estate Investment Trust by 28.3% during the 2nd quarter. FMR LLC now owns 2,338,600 shares of the real estate investment trust’s stock valued at $74,601,000 after buying an additional 516,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Washington Real Estate Investment Trust by 33.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,408,500 shares of the real estate investment trust’s stock valued at $44,931,000 after buying an additional 350,200 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Washington Real Estate Investment Trust by 17.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,124,267 shares of the real estate investment trust’s stock valued at $69,591,000 after buying an additional 314,925 shares in the last quarter. Institutional investors and hedge funds own 86.17% of the company’s stock.

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

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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