November 30, 2022

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Washington Real Estate Investment Trust (NYSE:WREGet 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.

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