Washington Real Estate Investment Trust (NYSE:WRE) – Stock analysts at Capital One Financial Corporation lowered their Q1 2018 earnings per share estimates for Washington Real Estate Investment Trust in a research note issued to investors on Monday. Capital One Financial Corporation analyst C. Lucas now expects that the real estate investment trust will earn $0.44 per share for the quarter, down from their prior forecast of $0.45. Capital One Financial Corporation currently has a “Overweight” rating on the stock. Capital One Financial Corporation also issued estimates for Washington Real Estate Investment Trust’s Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.85 EPS and FY2019 earnings at $1.91 EPS.

WRE has been the subject of a number of other reports. SunTrust Banks, Inc. set a $33.00 target price on Washington Real Estate Investment Trust and gave the company a “hold” rating in a report on Friday, October 27th. TheStreet downgraded Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a report on Friday, November 3rd. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Robert W. Baird reaffirmed an “outperform” rating and set a $34.00 price target on shares of Washington Real Estate Investment Trust in a report on Tuesday, October 31st. Finally, BidaskClub raised Washington Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Washington Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus price target of $34.36.

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Washington Real Estate Investment Trust (NYSE:WRE) traded down $0.07 during trading hours on Wednesday, reaching $32.58. The company had a trading volume of 177,000 shares, compared to its average volume of 366,549. 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. Washington Real Estate Investment Trust has a 52-week low of $29.90 and a 52-week high of $33.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.30 and a current ratio of 1.30.

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

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Washington Real Estate Investment Trust by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,945,059 shares of the real estate investment trust’s stock valued at $381,047,000 after purchasing an additional 97,373 shares during the last quarter. BlackRock Inc. increased its position in Washington Real Estate Investment Trust by 4.0% in the 2nd quarter. BlackRock Inc. now owns 6,931,674 shares of the real estate investment trust’s stock valued at $221,122,000 after acquiring an additional 267,142 shares during the period. State Street Corp increased its position in Washington Real Estate Investment Trust by 5.3% in the 2nd quarter. State Street Corp now owns 2,576,796 shares of the real estate investment trust’s stock valued at $82,200,000 after acquiring an additional 130,030 shares during the period. Bank of New York Mellon Corp increased its position 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 valued at $76,591,000 after acquiring an additional 1,777,764 shares during the period. Finally, FMR LLC increased its position in Washington Real Estate Investment Trust by 28.3% in 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 acquiring an additional 516,000 shares during the period. 86.17% of the stock is owned by institutional investors and hedge funds.

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.

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

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