Washington Actual Property Funding Belief (NYSE:WRE) Releases FY 2022 Earnings Steering

Washington Actual Property Funding Belief (NYSE:WRE – Get Score) issued an replace on its FY 2022 earnings steering on Thursday morning. The corporate supplied earnings per share (EPS) steering of $0.870-$0.930 for the interval. The corporate issued income steering of -.

Shares of WRE traded up $0.38 throughout buying and selling hours on Friday, reaching $23.80. The corporate’s inventory had a buying and selling quantity of 359,867 shares, in comparison with its common quantity of 673,353. The agency has a market cap of $2.08 billion, a price-to-earnings ratio of 170.00 and a beta of 0.86. Washington Actual Property Funding Belief has a 1-year low of $22.09 and a 1-year excessive of $27.05. The corporate has a fast ratio of 8.31, a present ratio of 8.31 and a debt-to-equity ratio of 0.38. The corporate has a 50 day transferring common of $24.72 and a two-hundred day transferring common of $25.09.

The agency additionally just lately introduced a quarterly dividend, which will probably be paid on Tuesday, April fifth. Stockholders of file on Wednesday, March twenty third will probably be issued a $0.17 dividend. The ex-dividend date is Tuesday, March twenty second. This represents a $0.68 dividend on an annualized foundation and a dividend yield of two.86%. Washington Actual Property Funding Belief’s dividend payout ratio is 485.71%.

3 Stocks Set to Double

WRE has been the subject of numerous analysis stories. Zacks Funding Analysis upgraded Washington Actual Property Funding Belief from a promote ranking to a maintain ranking in a report on Friday, February twenty fifth. Wells Fargo & Firm boosted their value goal on Washington Actual Property Funding Belief from $25.00 to $27.00 and gave the corporate an equal weight ranking in a analysis observe on Wednesday, December 1st. Truist Monetary lowered their value goal on Washington Actual Property Funding Belief from $24.00 to $23.00 and set a maintain ranking for the corporate in a analysis observe on Monday, December sixth. StockNews.com lower Washington Actual Property Funding Belief from a maintain ranking to a promote ranking in a analysis observe on Monday, February twenty first. Lastly, BTIG Analysis boosted their value goal on Washington Actual Property Funding Belief from $28.00 to $29.00 and gave the corporate a purchase ranking in a analysis observe on Monday, December thirteenth. One equities analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and one has given a purchase ranking to the inventory. In accordance with information from MarketBeat, the inventory has a mean ranking of Maintain and a mean value goal of $26.25.

Quite a few institutional traders have just lately made modifications to their positions in WRE. Janus Henderson Group PLC purchased a brand new stake in Washington Actual Property Funding Belief through the third quarter price roughly $211,000. Guggenheim Capital LLC purchased a brand new stake in shares of Washington Actual Property Funding Belief within the fourth quarter valued at roughly $224,000. LPL Monetary LLC purchased a brand new stake in shares of Washington Actual Property Funding Belief within the third quarter valued at roughly $244,000. Squarepoint Ops LLC purchased a brand new stake in shares of Washington Actual Property Funding Belief within the fourth quarter valued at roughly $320,000. Lastly, Jane Road Group LLC purchased a brand new stake in shares of Washington Actual Property Funding Belief within the third quarter valued at roughly $530,000. 91.16% of the inventory is owned by hedge funds and different institutional traders.

Washington Actual Property Funding Belief Firm Profile (Get Score)

Washington Actual Property Funding Belief engages within the possession and operation of income-producing actual property properties. It operates by the next segments: Workplace and Multifamily. The Workplace phase offers workplace area for varied kinds of companies and professions. The Multifamily phase offers rental housing for people and households all through Washington metro area.

Featured Tales

Earnings History and Estimates for Washington Real Estate Investment Trust (NYSE:WRE)

Need Extra Nice Investing Concepts?

Obtain Information & Scores for Washington Actual Property Funding Belief Every day – Enter your e-mail handle beneath to obtain a concise day by day abstract of the newest information and analysts’ scores for Washington Actual Property Funding Belief and associated corporations with MarketBeat.com’s FREE day by day e-mail publication.

Previous post Document variety of actual property brokers say home costs are taking place
Next post Balcony backyard ornament concepts to speed up your love for gardening