Q2 2017 Earnings Forecast for Washington Real Estate Investment Trust Issued By Capital One Financial Corp. (WRE)

Washington Real Estate Investment Trust (NYSE:WRE) – Capital One Financial Corp. increased their Q2 2017 earnings per share estimates for shares of Washington Real Estate Investment Trust in a note issued to investors on Thursday. Capital One Financial Corp. analyst C. Lucas now anticipates that the brokerage will earn $0.46 per share for the quarter, up from their prior estimate of $0.45. Capital One Financial Corp. also issued estimates for Washington Real Estate Investment Trust’s Q3 2017 earnings at $0.46 EPS, FY2017 earnings at $1.80 EPS and FY2018 earnings at $1.87 EPS.

Washington Real Estate Investment Trust (NYSE:WRE) last announced its earnings results on Thursday, February 16th. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $76.90 million for the quarter, compared to the consensus estimate of $77.56 million. Washington Real Estate Investment Trust had a net margin of 55.81% and a return on equity of 19.15%. Washington Real Estate Investment Trust’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. TRADEMARK VIOLATION WARNING: “Q2 2017 Earnings Forecast for Washington Real Estate Investment Trust Issued By Capital One Financial Corp. (WRE)” was first reported by Mideast Time and is the sole property of of Mideast Time. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.mideasttime.com/q2-2017-earnings-forecast-for-washington-real-estate-investment-trust-issued-by-capital-one-financial-corp-wre/1589962.html.

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

A number of other brokerages have also recently commented on WRE. Raymond James Financial, Inc. upgraded Washington Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a $35.50 target price for the company in a report on Monday, January 9th. Zacks Investment Research cut Washington Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 25th. Stifel Nicolaus lifted their target price on Washington Real Estate Investment Trust from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, February 22nd. Wells Fargo & Co reiterated a “hold” rating and issued a $32.00 target price on shares of Washington Real Estate Investment Trust in a report on Thursday, December 1st. Finally, JPMorgan Chase & Co. upgraded Washington Real Estate Investment Trust from a “neutral” rating to an “overweight” rating and set a $36.00 target price for the company in a report on Friday, December 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Washington Real Estate Investment Trust currently has an average rating of “Hold” and an average price target of $34.08.

Washington Real Estate Investment Trust (NYSE:WRE) opened at 30.77 on Monday. The company has a market cap of $2.30 billion, a P/E ratio of 18.66 and a beta of 0.89. Washington Real Estate Investment Trust has a one year low of $27.65 and a one year high of $34.61. The company’s 50 day moving average price is $31.84 and its 200-day moving average price is $31.18.

A number of institutional investors have recently bought and sold shares of WRE. State Street Corp boosted its position in Washington Real Estate Investment Trust by 1.5% in the fourth quarter. State Street Corp now owns 2,420,557 shares of the real estate investment trust’s stock worth $79,121,000 after buying an additional 35,242 shares during the last quarter. BlackRock Fund Advisors boosted its position in Washington Real Estate Investment Trust by 7.1% in the third quarter. BlackRock Fund Advisors now owns 2,327,791 shares of the real estate investment trust’s stock worth $72,441,000 after buying an additional 154,768 shares during the last quarter. AEW Capital Management L P boosted its position in Washington Real Estate Investment Trust by 161.6% in the third quarter. AEW Capital Management L P now owns 2,298,000 shares of the real estate investment trust’s stock worth $71,514,000 after buying an additional 1,419,500 shares during the last quarter. Northern Trust Corp boosted its position in Washington Real Estate Investment Trust by 4.9% in the third quarter. Northern Trust Corp now owns 1,523,317 shares of the real estate investment trust’s stock worth $47,406,000 after buying an additional 71,038 shares during the last quarter. Finally, FMR LLC acquired a new position in Washington Real Estate Investment Trust during the fourth quarter worth about $45,757,000. Institutional investors own 87.44% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Monday, March 13th. Washington Real Estate Investment Trust’s payout ratio is currently 48.98%.

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.

5 Day Chart for NYSE:WRE

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