Washington Real Estate Investment Trust (WRE) Stock Price, News & Analysis

Washington Real Estate Investment Trust (NYSE:WRE) released its earnings results on Thursday, October, 28th. The real estate investment trust reported ($0.26) EPS 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 the consensus estimate 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%. The company's quarterly 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 (NYSE:WRE) pays an annual dividend of $0.68 per share and currently has a dividend yield of 3.87%. 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 67.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRE.

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).