Washington Real Estate Investment Trust (NYSE: WRE) released an update to its earnings guidance for fiscal year 2021 on Thursday morning. The company put an EPS forecast of $ 1.050 to $ 1.080 for the reporting period. The company gave a sales forecast of -.
Washington Real Estate Investment Trust shares opened at $ 25.89 on Thursday. The Washington Real Estate Investment Trust has a 1-year low of $ 17.65 and a 1-year high of $ 27.05. The company has a market capitalization of $ 2.19 billion, a price / earnings ratio of 184.93, and a beta of 0.87. The company has a fifty-day simple moving average of $ 25.19. The company has a debt of 0.38, a current metric of 8.31 and a quick ratio of 0.40.
Washington Real Estate Investment Trust (NYSE: WRE) last released its quarterly earnings data on Thursday, October 28th. The Real Estate Investment Trust reported earnings per share ($ 0.26) for the quarter, missing analysts’ consensus estimates of $ 0.21 ($ 0.47). The Washington Real Estate Investment Trust had a net margin of 5.41% and a negative return on equity of 3.95%. The company had revenue of $ 42.50 million for the quarter, compared to the consensus estimate of $ 44.44 million. For the same period last year, the company had earnings per share of $ 0.36. The company’s quarterly revenue declined 2.7% year over year. As a group, sell-side analysts predict that the Washington Real Estate Investment Trust will generate earnings per share of 1.08 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 5th. Shareholders of record on Wednesday December 22nd will receive a dividend of $ 0.17. This equates to an annual dividend of $ 0.68 and a dividend yield of 2.63%. The ex-dividend date is Tuesday, December 21st. The Washington Real Estate Investment Trust’s dividend payout ratio (DPR) is 46.90%.
A number of research analysts recently rated the stock. Wells Fargo & Company raised its price target on shares of Washington Real Estate Investment Trust from US $ 24.00 to US $ 25.00 and gave the company an equivalent rating in a research report on Thursday, September 30th. BTIG Research assumed coverage of the shares of Washington Real Estate Investment Trust in a research report on Friday, October 1st. They set a buy rating and a target price of $ 28.50 on the stock. Finally, in a research report on Wednesday, September 15, Zacks Investment Research upgraded the Washington Real Estate Investment Trust from a sell rating to a hold rating. Three investment analysts have rated the stock with a hold rating and one with a buy rating. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $ 26.50.
A hedge fund recently increased its stake in Washington Real Estate Investment Trust. Morgan Stanley increased its position in Washington Real Estate Investment Trust (NYSE: WRE) stocks by 38.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 386,877 shares in the real estate investment trust after purchasing an additional 107,663 shares during the quarter. Morgan Stanley owned approximately 0.46% of the Washington Real Estate Investment Trust valued at $ 8,898,000 at the time of its last filing with the Securities & Exchange Commission. 91.79% of the shares are currently owned by institutional investors and hedge funds.
Washington Real Estate Investment Trust company profile
Washington Real Estate Investment Trust owns and operates income generating real estate. It operates in the following segments: Office and Multifamily. The Office segment offers office space for various types of companies and professions. The multi-family segment offers rental apartments for individuals and families across the Washington metropolitan area.
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