Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) issued an update on its FY 2023 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.96-$1.04 for the period. The company issued revenue guidance of -. Washington Real Estate Investment Trust also updated its FY 2022 guidance to $0.86-$0.90 EPS.
Washington Real Estate Investment Trust Stock Down 5.4 %
Shares of NYSE WRE opened at $17.79 on Tuesday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 177.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.59 and a quick ratio of 1.59. The business has a 50-day moving average of $20.64 and a two-hundred day moving average of $22.57. Washington Real Estate Investment Trust has a 1 year low of $17.79 and a 1 year high of $26.79.
Washington Real Estate Investment Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 21st will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Tuesday, September 20th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 680.00%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on WRE shares. JPMorgan Chase & Co. decreased their price target on Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. Wells Fargo & Company decreased their price target on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an equal weight rating for the company in a report on Friday, July 1st. TheStreet downgraded Washington Real Estate Investment Trust from a c- rating to a d+ rating in a report on Wednesday, July 6th. Finally, StockNews.com downgraded Washington Real Estate Investment Trust from a hold rating to a sell rating in a report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $24.25.
Institutional Trading of Washington Real Estate Investment Trust
Several institutional investors and hedge funds have recently made changes to their positions in WRE. State Street Corp lifted its holdings in shares of Washington Real Estate Investment Trust by 13.5% in the 1st quarter. State Street Corp now owns 5,257,101 shares of the real estate investment trust’s stock valued at $134,931,000 after purchasing an additional 626,534 shares during the last quarter. Vanguard Group Inc. increased its position in Washington Real Estate Investment Trust by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 13,973,815 shares of the real estate investment trust’s stock valued at $356,332,000 after acquiring an additional 427,868 shares during the period. Invesco Ltd. increased its position in Washington Real Estate Investment Trust by 58.6% in the 1st quarter. Invesco Ltd. now owns 734,567 shares of the real estate investment trust’s stock valued at $18,731,000 after acquiring an additional 271,543 shares during the period. First Trust Advisors LP increased its position in Washington Real Estate Investment Trust by 195.6% in the 1st quarter. First Trust Advisors LP now owns 124,056 shares of the real estate investment trust’s stock valued at $3,163,000 after acquiring an additional 82,087 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Washington Real Estate Investment Trust by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,275,859 shares of the real estate investment trust’s stock valued at $32,535,000 after acquiring an additional 45,278 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.
Washington Real Estate Investment Trust Company Profile
(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.
Read More
- Get a free copy of the StockNews.com research report on Washington Real Estate Investment Trust (WRE)
- Autodesk Is A Mature Company Still Acting Like A Growth Stock
- Is There Value In These Growth Stocks?
- MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
- MO Money: Why Altria Group Stock is Rallying
- Is the Market Overreacting with Shopify Stock?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to co*****@ma********.com.
Before you consider Washington Real Estate Investment Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Washington Real Estate Investment Trust wasn’t on the list.
While Washington Real Estate Investment Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Axel Merk, President and CIO of Merk Investments has three very different stocks he frames within the current market and economic conditions.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | co*****@ma********.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
About Author
