Equities analysts predict that Washington Real Estate Investment Trust (NYSE:WRE) will announce $0.46 earnings per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Washington Real Estate Investment Trust’s earnings, with estimates ranging from $0.45 to $0.47. Washington Real Estate Investment Trust posted earnings of $1.07 per share in the same quarter last year, which suggests a negative year over year growth rate of 57%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Washington Real Estate Investment Trust will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.81 to $1.85. For the next financial year, analysts anticipate that the business will post earnings of $1.88 per share, with EPS estimates ranging from $1.83 to $1.92. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Washington Real Estate Investment Trust.

A number of equities analysts have weighed in on WRE shares. BidaskClub upgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Washington Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Robert W. Baird upgraded shares of Washington Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.92.

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Washington Real Estate Investment Trust by 0.8% in the second quarter. Vanguard Group Inc. now owns 11,945,059 shares of the real estate investment trust’s stock valued at $381,047,000 after buying an additional 97,373 shares during the last quarter. BlackRock Inc. raised its position in Washington Real Estate Investment Trust by 4.0% in the second quarter. BlackRock Inc. now owns 6,931,674 shares of the real estate investment trust’s stock valued at $221,122,000 after buying an additional 267,142 shares during the last quarter. State Street Corp raised its position in Washington Real Estate Investment Trust by 5.3% in the second quarter. State Street Corp now owns 2,576,796 shares of the real estate investment trust’s stock valued at $82,200,000 after buying an additional 130,030 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 buying an additional 1,777,764 shares during the last quarter. Finally, FMR LLC raised its position 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 buying an additional 516,000 shares during the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

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Washington Real Estate Investment Trust (NYSE:WRE) opened at 32.86 on Friday. Washington Real Estate Investment Trust has a 1-year low of $27.65 and a 1-year high of $33.96. The stock has a 50 day moving average price of $32.67 and a 200 day moving average price of $32.15. The stock has a market cap of $2.53 billion, a PE ratio of 24.86 and a beta of 0.96.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.65%. Washington Real Estate Investment Trust’s payout ratio is 90.23%.

About Washington Real Estate Investment Trust

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.

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

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