Washington Real Estate Investment Trust (NYSE:WRE) issued an update on its FY16 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.74-1.77 for the period, compared to the Thomson Reuters consensus estimate of $1.71.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Washington Real Estate Investment Trust from a sell rating to a hold rating in a report on Wednesday, May 25th. JPMorgan Chase & Co. lifted their price objective on Washington Real Estate Investment Trust from $28.00 to $31.00 and gave the company a neutral rating in a report on Monday, May 16th. Finally, TheStreet lowered Washington Real Estate Investment Trust from a buy rating to a hold rating in a report on Wednesday, April 27th.
Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded down 0.54% during midday trading on Wednesday, hitting $33.04. The stock had a trading volume of 217,754 shares. Washington Real Estate Investment Trust has a one year low of $23.78 and a one year high of $33.56. The firm has a 50 day moving average of $31.37 and a 200-day moving average of $28.55. The company has a market cap of $2.26 billion and a P/E ratio of 36.31.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a $0.30 dividend. The ex-dividend date was Monday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.63%.
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.
