Washington Real Estate Investment Trust (NYSE:WRE) – Equities research analysts at Capital One Financial Corp. boosted their FY2016 EPS estimates for Washington Real Estate Investment Trust in a research report issued to clients and investors on Monday. Capital One Financial Corp. analyst C. Lucas now forecasts that the brokerage will post earnings of $1.78 per share for the year, up from their prior estimate of $1.77. Capital One Financial Corp. also issued estimates for Washington Real Estate Investment Trust’s Q4 2016 earnings at $0.44 EPS, Q1 2017 earnings at $0.43 EPS, FY2017 earnings at $1.82 EPS and FY2018 earnings at $1.89 EPS.

Several other analysts also recently issued reports on the stock. Robert W. Baird downgraded shares of Washington Real Estate Investment Trust from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $32.00 to $35.00 in a report on Wednesday, August 17th. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Washington Real Estate Investment Trust currently has an average rating of “Hold” and an average price target of $32.75.

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

Shares of Washington Real Estate Investment Trust (NYSE:WRE) opened at 30.10 on Tuesday. Washington Real Estate Investment Trust has a 12 month low of $23.89 and a 12 month high of $34.61. The company’s 50 day moving average is $29.59 and its 200-day moving average is $30.89. The company has a market cap of $2.24 billion, a P/E ratio of 12.10 and a beta of 0.92.

A number of hedge funds have recently modified their holdings of WRE. Vanguard Group Inc. increased its stake in shares of Washington Real Estate Investment Trust by 10.4% in the second quarter. Vanguard Group Inc. now owns 10,998,377 shares of the real estate investment trust’s stock worth $346,009,000 after buying an additional 1,032,606 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Washington Real Estate Investment Trust by 3.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,704,493 shares of the real estate investment trust’s stock worth $85,083,000 after buying an additional 77,507 shares during the period. BlackRock Fund Advisors increased its stake in shares of Washington Real Estate Investment Trust by 7.1% in the third quarter. BlackRock Fund Advisors now owns 2,327,791 shares of the real estate investment trust’s stock worth $72,441,000 after buying an additional 154,768 shares during the period. AEW Capital Management L P increased its stake in shares of Washington Real Estate Investment Trust by 161.6% in the third quarter. AEW Capital Management L P now owns 2,298,000 shares of the real estate investment trust’s stock worth $71,514,000 after buying an additional 1,419,500 shares during the period. Finally, State Street Corp increased its stake in shares of Washington Real Estate Investment Trust by 7.4% in the second quarter. State Street Corp now owns 2,283,335 shares of the real estate investment trust’s stock worth $71,836,000 after buying an additional 157,201 shares during the period. 85.06% of the stock is owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Wednesday, December 21st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Monday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 48.98%.

About Washington Real Estate Investment Trust

Washington Real Estate Investment Trust is a self-administered, self-managed equity real estate investment trust. The Company’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. The Company’s three segments include office, retail and multifamily.

5 Day Chart for NYSE:WRE

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