Wall Street brokerages expect Washington Real Estate Investment Trust (NYSE:WRE) to report $81.63 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Washington Real Estate Investment Trust’s earnings. The lowest sales estimate is $80.01 million and the highest is $83.88 million. Washington Real Estate Investment Trust reported sales of $76.95 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The business is scheduled to report its next earnings results after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Washington Real Estate Investment Trust will report full-year sales of $81.63 million for the current year, with estimates ranging from $323.79 million to $328.73 million. For the next year, analysts forecast that the firm will post sales of $334.81 million per share, with estimates ranging from $327.39 million to $351.82 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Washington Real Estate Investment Trust.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Capital One Financial reissued an “overweight” rating on shares of Washington Real Estate Investment Trust in a research report on Monday, November 20th. TheStreet downgraded Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Robert W. Baird reissued an “outperform” rating and set a $34.00 price target on shares of Washington Real Estate Investment Trust in a research report on Tuesday, October 31st. Finally, SunTrust Banks set a $33.00 price objective on Washington Real Estate Investment Trust and gave the company a “hold” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Washington Real Estate Investment Trust presently has a consensus rating of “Buy” and a consensus price target of $34.75.

Washington Real Estate Investment Trust (NYSE:WRE) traded down $0.24 during trading on Thursday, reaching $31.54. The company’s stock had a trading volume of 408,700 shares, compared to its average volume of 365,045. 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 stock has a market capitalization of $2,493.62, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 17.49 and a beta of 0.94. Washington Real Estate Investment Trust has a one year low of $29.90 and a one year high of $33.96.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Tuesday, December 19th. Washington Real Estate Investment Trust’s payout ratio is currently 400.00%.

A number of institutional investors have recently modified their holdings of WRE. Teachers Advisors LLC boosted its holdings in Washington Real Estate Investment Trust by 2.7% in the first quarter. Teachers Advisors LLC now owns 126,784 shares of the real estate investment trust’s stock valued at $3,966,000 after acquiring an additional 3,383 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Washington Real Estate Investment Trust by 21.4% during the second quarter. Aperio Group LLC now owns 12,547 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 2,208 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Washington Real Estate Investment Trust by 14.2% during the second quarter. Russell Investments Group Ltd. now owns 52,981 shares of the real estate investment trust’s stock worth $1,690,000 after purchasing an additional 6,598 shares in the last quarter. NGAM Advisors L.P. lifted its stake in shares of Washington Real Estate Investment Trust by 13.0% during the second quarter. NGAM Advisors L.P. now owns 96,277 shares of the real estate investment trust’s stock worth $3,072,000 after purchasing an additional 11,067 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Washington Real Estate Investment Trust by 1.7% during the second quarter. Great West Life Assurance Co. Can now owns 45,602 shares of the real estate investment trust’s stock worth $1,453,000 after purchasing an additional 780 shares in the last quarter. Hedge funds and other institutional investors own 85.55% of the company’s stock.

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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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