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NYSE:WRE

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

$21.46
-0.18 (-0.83%)
(As of 08/17/2022 05:08 PM ET)
Add
Compare
Today's Range
$21.19
$21.63
50-Day Range
$20.31
$24.58
52-Week Range
$20.06
$26.79
Volume
296,285 shs
Average Volume
551,743 shs
Market Capitalization
$1.88 billion
P/E Ratio
214.60
Dividend Yield
3.14%
Price Target
$24.25

Washington Real Estate Investment Trust MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
13.0% Upside
$24.25 Price Target
Short Interest
Healthy
4.60% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.30mentions of Washington Real Estate Investment Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.61%
From $0.89 to $1.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Finance Sector

623rd out of 932 stocks

Real Estate Investment Trusts Industry

120th out of 197 stocks

WRE stock logo

About Washington Real Estate Investment Trust (NYSE:WRE) Stock

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.

Washington Real Estate Investment Trust Stock Performance

Shares of WRE opened at $21.64 on Wednesday. The company has a market cap of $1.89 billion, a PE ratio of 216.40 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $21.56 and a 200-day moving average price of $23.32. Washington Real Estate Investment Trust has a 12-month low of $20.06 and a 12-month high of $26.79.

Washington Real Estate Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.14%. Washington Real Estate Investment Trust's dividend payout ratio (DPR) is presently 680.00%.

Wall Street Analysts Forecast Growth

WRE has been the subject of several research reports. Wells Fargo & Company cut their price target on Washington Real Estate Investment Trust from $26.00 to $21.00 and set an "equal weight" rating for the company in a research note on Friday, July 1st. StockNews.com upgraded Washington Real Estate Investment Trust from a "sell" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. cut their target price on Washington Real Estate Investment Trust from $26.00 to $24.00 in a research note on Tuesday, June 14th. Finally, TheStreet downgraded Washington Real Estate Investment Trust from a "c-" rating to a "d+" rating in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $24.25.

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WRE Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Washington Reit (WRE) Lags Q2 FFO Estimates
WashREIT Announces Second Quarter 2022 Results
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
WashREIT Welcomes New Board Member, Jennifer Banner
WRE Crosses Above Average Analyst Target
Washington Real Estate declares $0.17 dividend
Washington Reit (WRE) Q4 FFO and Revenues Miss Estimates
WashREIT Announces 2021 Dividend Income Tax Treatment
See More Headlines
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WRE Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 7/6 Dividend
6/21/2022
Dividend Payable
7/06/2022
Today
8/17/2022
Ex-Dividend for 10/5 Dividend
9/20/2022
Dividend Payable
10/05/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$24.25
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+13.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$16.38 million
Pretax Margin
-24.53%

Debt

Sales & Book Value

Annual Sales
$169.15 million
Cash Flow
$0.55 per share
Book Value
$14.92 per share

Miscellaneous

Free Float
86,528,000
Market Cap
$1.88 billion
Optionable
Optionable
Beta
0.85

Key Executives

  • Mr. Paul T. McDermott (Age 60)
    Chairman of Board, Pres & CEO
    Comp: $2.32M
  • Mr. Stephen E. Riffee (Age 64)
    Exec. VP & CFO
    Comp: $1.25M
  • Mr. Andrew E. Leahy
    VP of Investments
  • Mr. Wade Drew Hammond (Age 47)
    VP, Chief Accounting Officer, Corp. Sec. & Treasurer
  • 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 (Age 54)
    Managing Director of Devel. & Multifamily Division
  • Mr. Anthony C. Chang
    VP of Asset Management













WRE Stock - Frequently Asked Questions

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

3 Wall Street equities 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 equities 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.
View WRE analyst ratings
or view top-rated stocks.

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

3 brokers have issued 12-month price objectives for Washington Real Estate Investment Trust's stock. Their WRE share price forecasts range from $21.00 to $29.00. On average, they anticipate the company's stock price to reach $24.25 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
View analysts price targets for WRE
or view top-rated stocks among Wall Street analysts.

How have WRE shares performed in 2022?

Washington Real Estate Investment Trust's stock was trading at $25.85 on January 1st, 2022. Since then, WRE stock has decreased by 16.3% and is now trading at $21.64.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our WRE earnings forecast
.

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

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

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 declared a quarterly dividend on Thursday, July 28th. Shareholders of record on Wednesday, September 21st will be paid a dividend of $0.17 per share on Wednesday, October 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, September 20th.
Read our dividend analysis for WRE
.

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 3.15%. 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 66.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRE.

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

Washington Real Estate Investment Trust issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $0.86-$0.90 for the period. The company issued revenue guidance of -.

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 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.

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 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
.

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

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.
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 $21.64.

How much money does Washington Real Estate Investment Trust make?

Washington Real Estate Investment Trust (NYSE:WRE) has a market capitalization of $1.89 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.

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 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.

This page (NYSE:WRE) was last updated on 8/17/2022 by MarketBeat.com Staff

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