Wall Street analysts expect Washington Real Estate Investment Trust (NYSE:WRE) to announce sales of $81.63 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Washington Real Estate Investment Trust’s earnings. The highest sales estimate is $83.88 million and the lowest is $80.01 million. Washington Real Estate Investment Trust posted sales of $76.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.1%. The firm is expected to report its next earnings report after the market closes on Thursday, February 15th.

On average, analysts expect that Washington Real Estate Investment Trust will report full-year sales of $81.63 million for the current fiscal year, with estimates ranging from $323.79 million to $328.73 million. For the next fiscal year, analysts anticipate that the business will post sales of $334.81 million per share, with estimates ranging from $327.39 million to $351.82 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Washington Real Estate Investment Trust.

WRE has been the topic of several research reports. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. TheStreet downgraded shares of Washington Real Estate Investment Trust from a “b” rating to a “c+” rating in a report on Friday, November 3rd. Capital One Financial reiterated an “overweight” rating on shares of Washington Real Estate Investment Trust in a report on Monday, November 20th. SunTrust Banks set a $33.00 target price on shares of Washington Real Estate Investment Trust and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Washington Real Estate Investment Trust in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $34.50.

Large investors have recently bought and sold shares of the company. Aperio Group LLC increased its stake in Washington Real Estate Investment Trust by 21.4% in the second quarter. Aperio Group LLC now owns 12,547 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 2,208 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Washington Real Estate Investment Trust by 14.2% in the second quarter. Russell Investments Group Ltd. now owns 52,981 shares of the real estate investment trust’s stock valued at $1,690,000 after buying an additional 6,598 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Washington Real Estate Investment Trust by 1.7% during the second quarter. Great West Life Assurance Co. Can now owns 45,602 shares of the real estate investment trust’s stock worth $1,453,000 after purchasing an additional 780 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Washington Real Estate Investment Trust by 10.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 821,490 shares of the real estate investment trust’s stock worth $26,206,000 after purchasing an additional 80,151 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Washington Real Estate Investment Trust by 2.2% during the second quarter. Rhumbline Advisers now owns 107,042 shares of the real estate investment trust’s stock worth $3,415,000 after purchasing an additional 2,288 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.

Washington Real Estate Investment Trust (WRE) traded down $0.11 during trading on Monday, reaching $30.95. 321,000 shares of the company were exchanged, compared to its average volume of 368,999. Washington Real Estate Investment Trust has a 1 year low of $29.90 and a 1 year high of $33.96. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.05. The firm has a market cap of $2,420.00, a price-to-earnings ratio of 103.17, a price-to-earnings-growth ratio of 17.09 and a beta of 0.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.88%. Washington Real Estate Investment Trust’s payout ratio is 400.00%.

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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.

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

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