Washington Real Estate Investment Trust (WRE) Issues Earnings Results, Beats Expectations By $0.01 EPS

Washington Real Estate Investment Trust (NYSE:WRE) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01, Briefing.com reports. Washington Real Estate Investment Trust had a net margin of 7.10% and a return on equity of 2.10%. The business had revenue of $81.30 million during the quarter, compared to the consensus estimate of $81.84 million. During the same quarter last year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Washington Real Estate Investment Trust updated its FY18 guidance to $1.82-1.90 EPS.

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded up $0.70 during trading hours on Thursday, reaching $26.57. 528,699 shares of the company’s stock were exchanged, compared to its average volume of 403,509. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $2,065.20, a price-to-earnings ratio of 88.57, a PEG ratio of 14.12 and a beta of 0.78. Washington Real Estate Investment Trust has a 12-month low of $25.43 and a 12-month high of $33.96.

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Capital One Financial restated an “overweight” rating on shares of Washington Real Estate Investment Trust in a report on Monday, November 20th. SunTrust Banks set a $31.00 price objective on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. TheStreet downgraded shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a report on Friday, November 3rd. Finally, Robert W. Baird restated an “outperform” rating and set a $34.00 price objective on shares of Washington Real Estate Investment Trust in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Washington Real Estate Investment Trust currently has an average rating of “Hold” and an average target price of $32.00.

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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.

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

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