Washington Real Estate Investment Trust (NYSE:WRE) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The company earned $79.41 million during the quarter, compared to the consensus estimate of $77.74 million. During the same period in the previous year, the firm posted $0.42 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Washington Real Estate Investment Trust updated its FY16 guidance to $1.74-1.77 EPS.
Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded down 0.54% during mid-day trading on Wednesday, hitting $33.04. 220,542 shares of the stock were exchanged. The stock has a market capitalization of $2.26 billion and a P/E ratio of 36.31. Washington Real Estate Investment Trust has a 12-month low of $23.78 and a 12-month high of $33.56. The stock’s 50 day moving average price is $31.37 and its 200-day moving average price is $28.55.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Monday, June 13th.
Washington Real Estate Investment Trust is a self-administered, self-managed equity real estate investment trust. The Company’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. The Company’s three segments include office, retail and multifamily.
