NYSE:WREWashington Real Estate Investment Trust Stock Price, Forecast & News

$22.03

+0.10 (+0.46 %)

(As of 06/1/2020 11:33 AM ET)

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Today's Range

$21.82

Now: $22.03▼

$22.07

50-Day Range

$18.85

MA: $21.93▼

$24.70

52-Week Range

$18.01

Now: $22.03▼

$32.22

Volume5,185 shs

Average Volume414,693 shs

Market Capitalization$1.81 billion

P/E Ratio4.55

Dividend Yield5.47%

Beta0.78

Washington REIT owns and operates uniquely positioned real estate assets in the Washington D.C. market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 48 properties includes approximately 6.1 million square feet of commercial space and 4,268 multifamily apartment units. These 48 properties consist of 19 office properties, 16 retail centers and 13 multifamily properties. Washington REIT shares are publicly traded on the New York Stock Exchange (NYSE:WRE).

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Washington Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.75, Washington Real Estate Investment Trust has a potential upside of 31.5% from its current price of $21.87.
Amount of Analyst Coverage
Washington Real Estate Investment Trust has only been the subject of 1 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Washington Real Estate Investment Trust has received 213 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Washington Real Estate Investment Trust has received 362 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Washington Real Estate Investment Trust has received 62.96% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Washington Real Estate Investment Trust and other stocks. Vote “Outperform” if you believe WRE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WRE will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Washington Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 5.47%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Washington Real Estate Investment Trust does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Washington Real Estate Investment Trust is 72.29 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Washington Real Estate Investment Trust will have a dividend payout ratio of 78.95 % in the coming year. This indicates that Washington Real Estate Investment Trust may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Washington Real Estate Investment Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.78% of the stock of Washington Real Estate Investment Trust is held by insiders.
Percentage Held by Institutions
87.94% of the stock of Washington Real Estate Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Washington Real Estate Investment Trust are expected to grow by 0.66% in the coming year, from $1.51 to $1.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Washington Real Estate Investment Trust is 4.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Washington Real Estate Investment Trust is 4.52, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.84.
Price to Book Value per Share Ratio
Washington Real Estate Investment Trust has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.11 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryDiversified REITs

SectorFinance

Current SymbolNYSE:WRE

Previous Symbol

CUSIP93965310

CIK104894

Webwww.washreit.com

Phone202-774-3200

Debt

Debt-to-Equity Ratio0.84

Current Ratio0.87

Quick Ratio0.87

Price-To-Earnings

Trailing P/E Ratio4.55

Forward P/E Ratio14.59

P/E GrowthN/A

Sales & Book Value

Annual Sales$309.18 million

Price / Sales5.87

Cash Flow$2.16 per share

Price / Cash Flow10.19

Book Value$17.52 per share

Price / Book1.26

Profitability

EPS (Most Recent Fiscal Year)$1.66

Net Income$383.55 million

Net Margins123.89%

Return on Equity3.80%

Return on Assets1.80%

Miscellaneous

Employees149

Outstanding Shares82,320,000

Market Cap$1.81 billion

Next Earnings Date7/23/2020 (Estimated)

OptionableOptionable

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Washington Real Estate Investment Trust (NYSE:WRE) Frequently Asked Questions

How has Washington Real Estate Investment Trust's stock been impacted by COVID-19 (Coronavirus)?

Washington Real Estate Investment Trust's stock was trading at $25.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WRE shares have decreased by 15.3% and is now trading at $21.87. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Washington Real Estate Investment Trust?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Real Estate Investment Trust in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Washington Real Estate Investment Trust.

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 23rd 2020. View our earnings forecast for Washington Real Estate Investment Trust.

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

Washington Real Estate Investment Trust (NYSE:WRE) issued its quarterly earnings data on Wednesday, April, 22nd. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks' consensus estimate of $0.38 by $0.36. The real estate investment trust earned $76.79 million during the quarter, compared to analyst estimates of $76.95 million. Washington Real Estate Investment Trust had a return on equity of 3.80% and a net margin of 123.89%. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. 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 22nd. Shareholders of record on Monday, June 22nd will be given a dividend of $0.30 per share on Monday, July 6th. This represents a $1.20 annualized dividend and a yield of 5.49%. The ex-dividend date is Friday, June 19th. View Washington Real Estate Investment Trust's dividend history.

What price target have analysts set for WRE?

2 equities research analysts have issued 1-year target prices for Washington Real Estate Investment Trust's stock. Their forecasts range from $24.00 to $33.50. On average, they anticipate Washington Real Estate Investment Trust's stock price to reach $28.75 in the next twelve months. This suggests a possible upside of 31.5% from the stock's current price. View analysts' price targets for Washington Real Estate Investment Trust.

Has Washington Real Estate Investment Trust been receiving favorable news coverage?

News headlines about WRE stock have been trending somewhat positive on Monday, InfoTrie reports. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Washington Real Estate Investment Trust earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutWashington Real Estate Investment Trust.

Who are some of Washington Real Estate Investment Trust's key competitors?

Some companies that are related to Washington Real Estate Investment Trust include Duke Realty (DRE), Vornado Realty Trust (VNO), Cousins Properties (CUZ), PS Business Parks (PSB), Spirit Realty Capital (SRC), Lexington Realty Trust (LXP), American Assets Trust (AAT), Investors Real Estate Trust Reit (IRET), Gladstone Commercial (GOOD), One Liberty Properties (OLP), Whitestone REIT (WSR) and Gyrodyne (GYRO). View all competitors.

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 Verizon Communications (VZ), Chemours (CC), Cracker Barrel Old Country Store (CBRL), Intel (INTC), Realty Income (O), Exxon Mobil (XOM), AT&T (T), Pfizer (PFE), AbbVie (ABBV) and Chevron (CVX).

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 57)
Mr. Stephen E. Riffee, Exec. VP & CFO (Age 61)
Ms. Taryn D. Fielder, Sr. VP, Gen. Counsel & Corp. Sec. (Age 41)
Mr. Andrew E. Leahy, VP of Investments
Mr. Wade Drew Hammond, VP, Chief Accounting Officer & Treasurer (Age 44)

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 investors include BlackRock Inc. (17.35%), State Street Corp (5.39%), Victory Capital Management Inc. (4.24%), Victory Capital Management Inc. (4.24%), Wells Fargo & Company MN (2.24%) and First Trust Advisors LP (2.02%). 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 Morgan Stanley, Morgan Stanley, Schroder Investment Management Group, BlackRock Inc., Victory Capital Management Inc., Victory Capital Management Inc., Employees Retirement System of Texas, and WINTON GROUP Ltd. View insider buying and selling activity for Washington Real Estate Investment Trust.

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

WRE stock was acquired by a variety of institutional investors in the last quarter, including Deutsche Bank AG, State Street Corp, Geode Capital Management LLC, Nuveen Asset Management LLC, Wells Fargo & Company MN, Legal & General Group Plc, JPMorgan Chase & Co., and 6 Meridian. View insider buying and selling activity for Washington Real Estate Investment Trust.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of WRE stock can currently be purchased for approximately $21.87.

How big of a company is Washington Real Estate Investment Trust?

Washington Real Estate Investment Trust has a market capitalization of $1.80 billion and generates $309.18 million in revenue each year. The real estate investment trust earns $383.55 million in net income (profit) each year or $1.66 on an earnings per share basis. Washington Real Estate Investment Trust employs 149 workers across the globe.

What is Washington Real Estate Investment Trust's official website?

The official website for Washington Real Estate Investment Trust is www.washreit.com.

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 real estate investment trust can be reached via phone at 202-774-3200 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff