Zacks: Brokerages expect Washington Real Estate Investment Trust (NYSE:WRE) to post quarterly sales of $51.04 million

Stock analysts expect Washington Real Estate Investment Trust (NYSE: WRE – Get a rating) to announce sales of $51.04 million for the current quarter, according to Zacks Investment Research. Four analysts released earnings estimates for Washington Real Estate Investment Trust, with the lowest sales estimate of $49.64 million and the highest estimate of $52.58 million. Washington Real Estate Investment Trust recorded sales of $41.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.6%. The company is expected to announce its next earnings report on Monday, January 1.

According to Zacks, analysts expect Washington Real Estate Investment Trust to report annual sales of $207.99 million for the current fiscal year, with estimates ranging from $200.79 million to $214.57 million. of dollars. For the next fiscal year, analysts expect the company to record sales of $227.19 million, with estimates ranging from $202.75 million to $235.99 million. Zacks Investment Research’s sell-side averages are an average based on a survey of sell-side analysts who follow the Washington Real Estate Investment Trust.

WRE has been the subject of several analyst reports. Zacks Investment Research upgraded the Washington Real Estate Investment Trust from a “buy” to a “hold” rating in a Wednesday, May 4 research note. StockNews.com launched coverage on Washington Real Estate Investment Trust in a research note on Thursday, March 31. They set a “sell” rating for the company. One analyst gave the stock a sell rating, four gave the company a hold rating and one gave the company a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.00.

Washington Real Estate Investment Trust Stock opened at $22.84 on Monday. Washington Real Estate Investment Trust has a 12-month low of $22.23 and a 12-month high of $27.05. The company has a debt ratio of 0.38, a current ratio of 4.72 and a quick ratio of 4.72. The company has a 50-day simple moving average of $24.61 and a 200-day simple moving average of $24.92. The stock has a market capitalization of $2.00 billion, a PE ratio of 190.33 and a beta of 0.85.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6. Investors of record on Wednesday, June 22 will receive a dividend of $0.17 per share. This represents a dividend of $0.68 on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, June 21. The Washington Real Estate Investment Trust’s dividend payout ratio is currently 566.67%.

A number of hedge funds have recently changed their positions in the stock. Maryland State Retirement & Pension System increased its holdings in Washington Real Estate Investment Trust by 1.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 33,741 shares of the real estate investment trust worth $872,000 after acquiring 450 additional shares during the period. Daiwa Securities Group Inc. increased its holdings in Washington Real Estate Investment Trust by 2.0% in the first quarter. Daiwa Securities Group Inc. now owns 25,146 shares of the real estate investment trust worth $641,000 after buying an additional 483 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in Washington Real Estate Investment Trust by 1.3% in the fourth quarter. Vident Investment Advisory LLC now owns 37,619 shares of the real estate investment trust worth $973,000 after buying 485 additional shares in the last quarter. Hsbc Holdings PLC increased its holdings in Washington Real Estate Investment Trust by 2.1% in the third quarter. Hsbc Holdings PLC now owns 23,556 shares of the real estate investment trust worth $587,000 after buying an additional 486 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Washington Real Estate Investment Trust by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 68,878 shares of the real estate investment trust worth $1,780,000 after purchasing an additional 489 shares in the last quarter. 90.75% of the shares are currently held by hedge funds and other institutional investors.

About Washington Real Estate Investment Trust (Get a rating)

WashREIT owns and operates uniquely positioned real estate assets in the Washington metropolitan area. With decades of experience, expertise and ambition, we create value by turning ideas 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 retail space and 6,863 multi-family apartments.

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