Washington Real Estate Investment Trust - WRE Stock Forecast, Price & News

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" WRE shares. 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.
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3 analysts have issued 1-year target prices for Washington Real Estate Investment Trust's shares. Their WRE share price forecasts range from $21.00 to $29.00. On average, they predict the company's stock price to reach $24.25 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price.
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Washington Real Estate Investment Trust's stock was trading at $25.85 on January 1st, 2022. Since then, WRE shares have decreased by 30.4% and is now trading at $18.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our WRE earnings forecast.

Washington Real Estate Investment Trust will be holding an earnings conference call on Friday, October 28th 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 "46576".

Washington Real Estate Investment Trust (NYSE:WRE) posted its quarterly earnings results on Thursday, October, 28th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.47. The real estate investment trust earned $42.50 million during the quarter, compared to analysts' expectations of $44.44 million. Washington Real Estate Investment Trust had a net margin of 4.25% and a negative trailing twelve-month return on equity of 3.49%. Washington Real Estate Investment Trust's revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS.

Washington Real Estate Investment Trust announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Wednesday, September 21st will be given a dividend of $0.17 per share on Wednesday, October 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Tuesday, September 20th.
Read our dividend analysis for WRE.

Washington Real Estate Investment Trust (NYSE:WRE) pays an annual dividend of $0.68 per share and currently has a dividend yield of 3.90%. The dividend payout ratio is 680.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WRE will have a dividend payout ratio of 66.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRE.

Washington Real Estate Investment Trust updated its FY 2023 earnings guidance on Tuesday, September, 27th. The company provided earnings per share (EPS) guidance of $0.96-$1.04 for the period. The company issued revenue guidance of -.

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

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).

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

Washington Real Estate Investment Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (12.15%), State Street Corp (6.15%), Price T Rowe Associates Inc. MD (5.31%), Thornburg Investment Management Inc. (2.60%), Allspring Global Investments Holdings LLC (2.05%) and Northern Trust Corp (1.74%).
View institutional ownership trends.

Shares of WRE stock 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.
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One share of WRE stock can currently be purchased for approximately $18.00.

Washington Real Estate Investment Trust (NYSE:WRE) has a market capitalization of $1.57 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 $0.10 on an earnings per share basis.

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