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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:WRE

Washington Real Estate Investment Trust Stock Forecast, Price & News

$21.71
-0.03 (-0.14%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$21.71
$22.07
50-Day Range
$21.28
$26.00
52-Week Range
$21.25
$26.79
Volume
695,449 shs
Average Volume
566,327 shs
Market Capitalization
$1.90 billion
P/E Ratio
180.92
Dividend Yield
3.13%
Price Target
$25.75
30 days | 90 days | 365 days | Advanced Chart

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WRE Stock Forecast (MarketRank)

Overall MarketRank

2.04 out of 5 stars

Finance Sector

755th out of 1,356 stocks

Real Estate Investment Trusts Industry

161st out of 233 stocks

Analyst Opinion: 2.2Community Rank: 3.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
Washington Real Estate Investment Trust logo

About Washington Real Estate Investment Trust (NYSE:WRE)

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. These 45 properties consist of 22 multifamily properties,15 office properties, and 8 retail centers. Our shares trade on the NYSE. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation's most competitive real estate markets.

WRE Stock News Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Diversified REITs
Sector
Finance
CUSIP
93965310
Employees
53
Year Founded
N/A

Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 4/5 Dividend
3/22/2022
Dividend Payable
4/05/2022
Ex-Dividend for 7/6 Dividend
6/21/2022
Today
6/26/2022
Dividend Payable
7/06/2022
Next Earnings (Confirmed)
7/28/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$25.75
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+18.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33333333333333
Research Coverage
3 Analysts

Profitability

Net Income
$16.38 million
Pretax Margin
-30.39%

Debt

Sales & Book Value

Annual Sales
$169.15 million
Cash Flow
$0.55 per share
Book Value
$15.56 per share

Miscellaneous

Free Float
86,552,000
Market Cap
$1.90 billion
Optionable
Optionable
Beta
0.85














Washington Real Estate Investment Trust Frequently Asked Questions

Should I buy or sell Washington Real Estate Investment Trust stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Washington Real Estate Investment Trust in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Washington Real Estate Investment Trust stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WRE, but not buy additional shares or sell existing shares.
View analyst ratings for Washington Real Estate Investment Trust
or view top-rated stocks.

What is Washington Real Estate Investment Trust's stock price forecast for 2022?

3 brokerages have issued twelve-month price objectives for Washington Real Estate Investment Trust's stock. Their WRE stock forecasts range from $23.00 to $29.00. On average, they anticipate Washington Real Estate Investment Trust's stock price to reach $25.75 in the next year. This suggests a possible upside of 18.6% from the stock's current price.
View analysts' price targets for Washington Real Estate Investment Trust
or view top-rated stocks among Wall Street analysts.

How has Washington Real Estate Investment Trust's stock performed in 2022?

Washington Real Estate Investment Trust's stock was trading at $25.85 at the start of the year. Since then, WRE shares have decreased by 16.0% and is now trading at $21.71.
View the best growth stocks for 2022 here
.

When is Washington Real Estate Investment Trust's next earnings date?

Washington Real Estate Investment Trust is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Washington Real Estate Investment Trust
.

How can I listen to Washington Real Estate Investment Trust's earnings call?

Washington Real Estate Investment Trust will be holding an earnings conference call on Friday, July 29th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "45843".

How were Washington Real Estate Investment Trust's earnings last quarter?

Washington Real Estate Investment Trust (NYSE:WRE) released its quarterly earnings results on Thursday, October, 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by $0.47. The real estate investment trust had revenue of $42.50 million for the quarter, compared to analyst estimates of $44.44 million. Washington Real Estate Investment Trust had a negative trailing twelve-month return on equity of 4.11% and a net margin of 5.56%. The firm's revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share.
View Washington Real Estate Investment Trust's earnings history
.

How often does Washington Real Estate Investment Trust pay dividends? What is the dividend yield for Washington Real Estate Investment Trust?

Washington Real Estate Investment Trust announced a quarterly dividend on Wednesday, April 27th. Investors of record on Wednesday, June 22nd will be paid a dividend of $0.17 per share on Wednesday, July 6th. This represents a $0.68 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, June 21st.
View Washington Real Estate Investment Trust's dividend history
.

Is Washington Real Estate Investment Trust a good dividend stock?

Washington Real Estate Investment Trust(NYSE:WRE) pays an annual dividend of $0.68 per share and currently has a dividend yield of 3.13%. The dividend payout ratio of Washington Real Estate Investment Trust is 566.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Washington Real Estate Investment Trust will have a dividend payout ratio of 67.33% next year. This indicates that Washington Real Estate Investment Trust will be able to sustain or increase its dividend.
View Washington Real Estate Investment Trust's dividend history.

What guidance has Washington Real Estate Investment Trust issued on next quarter's earnings?

Washington Real Estate Investment Trust updated its FY22 earnings guidance on Wednesday, April, 27th. The company provided EPS guidance of $0.87-$0.93 for the period, compared to the consensus estimate of $0.90.

Who are Washington Real Estate Investment Trust's key executives?

Washington Real Estate Investment Trust's management team includes the following people:
  • Mr. Paul T. McDermott, Chairman of Board, Pres & CEO (Age 60, Pay $2.32M)
  • Mr. Stephen E. Riffee, Exec. VP & CFO (Age 64, Pay $1.25M)
  • Mr. Andrew E. Leahy, VP of Investments
  • Mr. Wade Drew Hammond, VP, Chief Accounting Officer, Corp. Sec. & Treasurer (Age 47)
  • Ms. Susan Lilly Gerock, Sr. VP of Information Technology & Chief Information Officer
  • Ms. Amy Hopkins, VP of Investor Relations
  • Ms. Deanna Schmidt, VP of Marketing & Communications
  • Mr. Ian Kessler, VP of HR
  • Mr. Edward J. Murn IV, Managing Director of Devel. & Multifamily Division (Age 54)
  • Mr. Anthony C. Chang, VP of Asset Management

What is Paul T. McDermott's approval rating as Washington Real Estate Investment Trust's CEO?

7 employees have rated Washington Real Estate Investment Trust CEO Paul T. McDermott on Glassdoor.com. Paul T. McDermott has an approval rating of 66% among Washington Real Estate Investment Trust's employees. 68.0% of employees surveyed would recommend working at Washington Real Estate Investment Trust to a friend.

What other stocks do shareholders of Washington Real Estate Investment Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Washington Real Estate Investment Trust investors own include Realty Income (O), Chemours (CC), AT&T (T), Exxon Mobil (XOM), Verizon Communications (VZ), Cracker Barrel Old Country Store (CBRL), Intel (INTC), Chevron (CVX), Altria Group (MO) and ONEOK (OKE).

What is Washington Real Estate Investment Trust's stock symbol?

Washington Real Estate Investment Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "WRE."

Who are Washington Real Estate Investment Trust's major shareholders?

Washington Real Estate Investment Trust's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (17.92%), Vanguard Group Inc. (15.98%), State Street Corp (6.01%), Northern Trust Corp (1.84%), Charles Schwab Investment Management Inc. (1.46%) and Dimensional Fund Advisors LP (1.37%).
View institutional ownership trends for Washington Real Estate Investment Trust
.

Which institutional investors are selling Washington Real Estate Investment Trust stock?

WRE stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Goldman Sachs Group Inc., Bank of America Corp DE, JPMorgan Chase & Co., Ranger Global Real Estate Advisors LLC, Dimensional Fund Advisors LP, and BNP Paribas Arbitrage SA.
View insider buying and selling activity for Washington Real Estate Investment Trust
or view top insider-selling stocks.

Which institutional investors are buying Washington Real Estate Investment Trust stock?

WRE stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, First Pacific Advisors LP, Vanguard Group Inc., Highland Capital Management Fund Advisors L.P., Invesco Ltd., Simplex Trading LLC, First Trust Advisors LP, and Evoke Wealth LLC.
View insider buying and selling activity for Washington Real Estate Investment Trust
or or view top insider-buying stocks.

How do I buy shares of Washington Real Estate Investment Trust?

Shares of WRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Washington Real Estate Investment Trust's stock price today?

One share of WRE stock can currently be purchased for approximately $21.71.

How much money does Washington Real Estate Investment Trust make?

Washington Real Estate Investment Trust (NYSE:WRE) has a market capitalization of $1.90 billion and generates $169.15 million in revenue each year. The real estate investment trust earns $16.38 million in net income (profit) each year or $0.12 on an earnings per share basis.

How many employees does Washington Real Estate Investment Trust have?

Washington Real Estate Investment Trust employs 53 workers across the globe.

How can I contact Washington Real Estate Investment Trust?

Washington Real Estate Investment Trust's mailing address is 1775 EYE STREET NW SUITE 1000, WASHINGTON DC, 20006. The official website for Washington Real Estate Investment Trust is www.washreit.com. The real estate investment trust can be reached via phone at (202) 774-3200, via email at [email protected], or via fax at 301-984-9610.

This page (NYSE:WRE) was last updated on 6/26/2022 by MarketBeat.com Staff

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