Q1 2019 EPS Estimates for Washington Real Estate Investment Trust (WRE) Reduced by Capital One Financial

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Washington Real Estate Investment Trust (NYSE:WRE) – Equities researchers at Capital One Financial decreased their Q1 2019 EPS estimates for shares of Washington Real Estate Investment Trust in a research report issued to clients and investors on Tuesday, February 19th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $0.39 per share for the quarter, down from their previous estimate of $0.44. Capital One Financial also issued estimates for Washington Real Estate Investment Trust’s Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.45 EPS and Q4 2019 earnings at $0.45 EPS.

WRE has been the subject of a number of other research reports. Raymond James dropped their price objective on Washington Real Estate Investment Trust from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 30th. JPMorgan Chase & Co. lowered Washington Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a research note on Wednesday, December 19th. Zacks Investment Research lowered Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Finally, Wells Fargo & Co reduced their target price on Washington Real Estate Investment Trust from $32.00 to $26.00 and set a “positive” rating on the stock in a report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Washington Real Estate Investment Trust presently has an average rating of “Hold” and a consensus price target of $29.20.

Shares of NYSE:WRE opened at $26.92 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. The company has a market cap of $2.14 billion, a PE ratio of 14.47 and a beta of 0.98. Washington Real Estate Investment Trust has a 1-year low of $22.53 and a 1-year high of $31.85.

Washington Real Estate Investment Trust (NYSE:WRE) last released its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.46. Washington Real Estate Investment Trust had a return on equity of 2.37% and a net margin of 7.61%. The business had revenue of $82.90 million during the quarter, compared to analyst estimates of $83.63 million. During the same quarter last year, the company posted $0.45 EPS. Washington Real Estate Investment Trust’s revenue for the quarter was up 2.0% on a year-over-year basis.

Hedge funds have recently modified their holdings of the stock. American International Group Inc. raised its position in shares of Washington Real Estate Investment Trust by 0.8% during the 4th quarter. American International Group Inc. now owns 52,697 shares of the real estate investment trust’s stock valued at $1,212,000 after purchasing an additional 398 shares during the period. Prudential Financial Inc. lifted its position in shares of Washington Real Estate Investment Trust by 5.6% in the 4th quarter. Prudential Financial Inc. now owns 9,654 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 511 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Washington Real Estate Investment Trust by 6.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,815 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 563 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Washington Real Estate Investment Trust by 7.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,300 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 800 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Washington Real Estate Investment Trust by 6.5% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,880 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 850 shares in the last quarter. Institutional investors own 84.78% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Thursday, March 14th. Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 64.52%.

Washington Real Estate Investment Trust Company Profile

Washington REIT owns and operates uniquely positioned real estate assets in the Washington DC market. The Company's portfolio of 48 properties consists of approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units. These 48 properties consist of 19 office properties, 16 retail centers and 13 multifamily properties.

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

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