December 3, 2024

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:

Washington Real Estate Investment Trust (NYSE:WREGet 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.

Featured Articles

Earnings History and Estimates for Washington Real Estate Investment Trust (NYSE:WRE)
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 contact@marketbeat.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:
Kirk McDonald shares three stocks from different industries with different market caps and explains why each is a holding in his portfolio.
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 members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
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
MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.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.

source

About Author