Q4 2017 EPS Estimates for Washington Real Estate Investment Trust (WRE) Decreased by SunTrust Banks

Washington Real Estate Investment Trust (NYSE:WRE) – Analysts at SunTrust Banks lowered their Q4 2017 earnings estimates for Washington Real Estate Investment Trust in a research report issued to clients and investors on Monday, Zacks Investment Research reports. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will earn $0.43 per share for the quarter, down from their previous forecast of $0.45. SunTrust Banks has a “Hold” rating and a $33.00 price objective on the stock. SunTrust Banks also issued estimates for Washington Real Estate Investment Trust’s Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.45 EPS.

A number of other research analysts have also commented on WRE. Capital One Financial reiterated an “overweight” rating on shares of Washington Real Estate Investment Trust in a research note on Monday, November 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price target on shares of Washington Real Estate Investment Trust in a research note on Thursday, September 21st. Zacks Investment Research lowered shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, October 7th. TheStreet lowered shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird reissued an “outperform” rating and issued a $34.00 price objective on shares of Washington Real Estate Investment Trust in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $34.75.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded down $0.24 on Tuesday, reaching $31.54. 408,711 shares of the company were exchanged, compared to its average volume of 365,045. Washington Real Estate Investment Trust has a twelve month low of $29.90 and a twelve month high of $33.96. The firm has a market cap of $2,480.00, a price-to-earnings ratio of 17.80, a P/E/G ratio of 17.73 and a beta of 0.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.30 and a current ratio of 1.30.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC bought a new stake in Washington Real Estate Investment Trust in the 2nd quarter valued at about $163,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Washington Real Estate Investment Trust by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,043 shares of the real estate investment trust’s stock valued at $193,000 after purchasing an additional 570 shares during the period. Citadel Advisors LLC bought a new stake in Washington Real Estate Investment Trust in the 2nd quarter valued at about $203,000. Teacher Retirement System of Texas bought a new stake in shares of Washington Real Estate Investment Trust during the 3rd quarter worth approximately $206,000. Finally, GAM Holding AG lifted its holdings in shares of Washington Real Estate Investment Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,535 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 313 shares during the period. 85.55% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders 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 of this dividend is Tuesday, December 19th. Washington Real Estate Investment Trust’s dividend payout ratio is currently 400.00%.

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Washington Real Estate Investment Trust Company Profile

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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