The Washington Real Estate Investment Trust (WRE) Updates FY16 Earnings Guidance

The Washington Real Estate Investment Trust (WRE) Updates FY16 Earnings Guidance

Washington Real Estate Investment Trust (NYSE:WRE) issued an update on its FY16 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.75-1.77 for the period, compared to the Thomson Reuters consensus estimate of $1.76.

Washington Real Estate Investment Trust (NYSE:WRE) opened at 29.21 on Monday. Washington Real Estate Investment Trust has a one year low of $23.89 and a one year high of $34.61. The company’s 50-day moving average is $30.28 and its 200-day moving average is $30.90. The firm has a market cap of $2.15 billion, a PE ratio of 20.86 and a beta of 0.80.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Wednesday, December 21st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, December 19th. This represents a $1.20 dividend on an annualized basis and a yield of 4.11%. Washington Real Estate Investment Trust’s payout ratio is 48.98%.

WRE has been the topic of a number of analyst reports. Robert W. Baird downgraded shares of Washington Real Estate Investment Trust from an outperform rating to a neutral rating and increased their price objective for the stock from $32.00 to $35.00 in a research note on Wednesday, August 17th. Zacks Investment Research downgraded shares of Washington Real Estate Investment Trust from a buy rating to a hold rating in a research note on Wednesday, October 19th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $32.75.

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Washington Real Estate Investment Trust by 141.7% in the second quarter. AQR Capital Management LLC now owns 48,917 shares of the real estate investment trust’s stock worth $1,539,000 after buying an additional 28,681 shares during the period. Paloma Partners Management Co raised its position in shares of Washington Real Estate Investment Trust by 121.9% in the second quarter. Paloma Partners Management Co now owns 20,728 shares of the real estate investment trust’s stock worth $652,000 after buying an additional 11,387 shares during the period. Guggenheim Capital LLC raised its position in shares of Washington Real Estate Investment Trust by 33.4% in the second quarter. Guggenheim Capital LLC now owns 21,413 shares of the real estate investment trust’s stock worth $674,000 after buying an additional 5,357 shares during the period. Barclays PLC raised its position in shares of Washington Real Estate Investment Trust by 3.2% in the second quarter. Barclays PLC now owns 49,367 shares of the real estate investment trust’s stock worth $1,553,000 after buying an additional 1,546 shares during the period. Finally, State Street Corp raised its position in shares of Washington Real Estate Investment Trust by 7.4% in the second quarter. State Street Corp now owns 2,283,335 shares of the real estate investment trust’s stock worth $71,836,000 after buying an additional 157,201 shares during the period. 84.11% of the stock is owned by hedge funds and other institutional investors.

Washington Real Estate Investment Trust Company Profile

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