Washington Real Estate Investment Trust (NYSE: WRE) announced its earnings results on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $77.07 million for the quarter, compared to the consensus estimate of $76.52 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company?s revenue for the quarter was up 2.2% on a year-over-year basis.
On the ratings front, analysts at Robert W. Baird initiated coverage on shares of Washington Real Estate Investment Trust in a research note to investors on Monday, January 14th. They set a ?neutral? rating and a $29.00 price target on the stock.
Shares of Washington Real Estate Investment Trust (WRE) traded down 0.43% during mid-day trading on Wednesday, hitting $27.98. Washington Real Estate Investment Trust (WRE) has a 52 week low of $23.94 and a 52 week high of $30.51. The stock?s 50-day moving average is currently $27.45. The company has a market cap of $1.856 billion and a P/E ratio of 36.88.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.29%.
Washington Real Estate Investment Trust (WRIT) is a self-administered, self-managed, equity real estate investment trust (REIT).
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