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Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) – Equities research analysts at Capital One Financial cut their Q1 2024 EPS estimates for Washington Real Estate Investment Trust in a note issued to investors on Thursday, September 29th. Capital One Financial analyst N. Malkin now expects that the real estate investment trust will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.28. The consensus estimate for Washington Real Estate Investment Trust’s current full-year earnings is $0.88 per share. Capital One Financial also issued estimates for Washington Real Estate Investment Trust’s Q2 2024 earnings at $0.28 EPS.
A number of other research analysts have also recently weighed in on WRE. JPMorgan Chase & Co. reduced their price target on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a research report on Tuesday, June 14th. TheStreet cut shares of Washington Real Estate Investment Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, July 6th. StockNews.com cut shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. Finally, Wells Fargo & Company reduced their price target on shares of Washington Real Estate Investment Trust from $26.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.25.
Washington Real Estate Investment Trust Price Performance
Washington Real Estate Investment Trust stock opened at $17.56 on Monday. Washington Real Estate Investment Trust has a 1 year low of $17.14 and a 1 year high of $26.79. The firm has a 50 day moving average price of $20.29 and a 200 day moving average price of $22.35. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 175.60 and a beta of 0.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.59 and a current ratio of 1.59.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Inspire Investing LLC acquired a new position in shares of Washington Real Estate Investment Trust during the first quarter worth $235,000. Hightower 6M Holding LLC bought a new stake in shares of Washington Real Estate Investment Trust in the first quarter worth $218,000. Retirement Planning Co of New England Inc. increased its stake in shares of Washington Real Estate Investment Trust by 6.3% in the first quarter. Retirement Planning Co of New England Inc. now owns 19,482 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 1,159 shares during the last quarter. Equity Investment Corp increased its stake in shares of Washington Real Estate Investment Trust by 2.7% in the first quarter. Equity Investment Corp now owns 24,754 shares of the real estate investment trust’s stock worth $631,000 after buying an additional 641 shares during the last quarter. Finally, Clean Yield Group increased its stake in shares of Washington Real Estate Investment Trust by 15.5% in the first quarter. Clean Yield Group now owns 243,268 shares of the real estate investment trust’s stock worth $6,203,000 after buying an additional 32,710 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.
Washington Real Estate Investment Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.87%. Washington Real Estate Investment Trust’s payout ratio is currently 680.00%.
About Washington Real Estate Investment Trust
(Get Rating)
WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units.
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