Washington Real Estate Investment Trust (NYSE:WRE) will issue its quarterly earnings data after the market closes on Thursday, July 29th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Washington Real Estate Investment Trust has set its Q2 2021 guidance at 0.320-0.350 EPS and its Q2 guidance at $0.32-0.35 EPS.Parties that are interested in registering for the company's conference call can do so using this link.
Washington Real Estate Investment Trust (NYSE:WRE) last announced its quarterly earnings data on Wednesday, April 28th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.32). The firm had revenue of $69.63 million for the quarter, compared to analyst estimates of $69.48 million. Washington Real Estate Investment Trust had a negative return on equity of 1.41% and a negative net margin of 6.46%. The company's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. On average, analysts expect Washington Real Estate Investment Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Washington Real Estate Investment Trust stock opened at $24.98 on Thursday. The firm has a market capitalization of $2.11 billion, a P/E ratio of -108.61 and a beta of 0.93. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 1.04. Washington Real Estate Investment Trust has a 12-month low of $16.95 and a 12-month high of $27.05. The business's 50-day moving average price is $24.00.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 6th. Shareholders of record on Wednesday, June 23rd were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, June 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 4.80%. Washington Real Estate Investment Trust's payout ratio is 82.76%.
WRE has been the subject of a number of research reports. Raymond James cut shares of Washington Real Estate Investment Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, June 17th. Zacks Investment Research cut shares of Washington Real Estate Investment Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 22nd. Finally, TheStreet raised shares of Washington Real Estate Investment Trust from a "d+" rating to a "c-" rating in a report on Thursday, April 29th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of "Hold" and an average price target of $23.75.
About Washington Real Estate Investment Trust
WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights 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 commercial space and 6,863 multifamily apartment units.
Read More: What is included in the gross domestic product?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Washington Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Washington Real Estate Investment Trust wasn't on the list.
While Washington Real Estate Investment Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here