WRE - Washington Real Estate Investment Trust

NYSE - NYSE Delayed Price. Currency in USD
26.10
-0.34 (-1.29%)
At close: 4:02PM EDT
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Previous Close26.44
Open26.34
Bid26.07 x 1100
Ask31.00 x 800
Day's Range26.01 - 26.65
52 Week Range22.53 - 31.84
Volume354,862
Avg. Volume398,281
Market Cap2.09B
Beta (3Y Monthly)0.98
PE Ratio (TTM)271.88
EPS (TTM)0.10
Earnings DateOct 24, 2019
Forward Dividend & Yield1.20 (4.52%)
Ex-Dividend Date2019-09-13
1y Target Est28.57
Trade prices are not sourced from all markets
  • How Washington Real Estate Investment Trust (NYSE:WRE) Can Impact Your Portfolio Volatility
    Simply Wall St.

    How Washington Real Estate Investment Trust (NYSE:WRE) Can Impact Your Portfolio Volatility

    If you own shares in Washington Real Estate Investment Trust (NYSE:WRE) then it's worth thinking about how it...

  • American City Business Journals

    WashREIT doubles down on flexible-space program

    Washington Real Estate investment Trust (NYSE: WRE) plans to significantly expand its flexible Space+ workspace footprint over the next year as it looks to tap into the swelling demand from commitment-phobic office tenants in Greater Washington. The D.C.-based real estate investment trust delivered about 54,000 square feet of Space+ spaces in the first half of 2019, the company disclosed on its second-quarter earnings call Friday. Tenants have already leased about three quarters of that space, which includes part of Arlington Tower in Rosslyn, and now the company plans another 107,000 square feet across more than two dozen locations in the region.

  • Thomson Reuters StreetEvents

    Edited Transcript of WRE earnings conference call or presentation 26-Jul-19 3:00pm GMT

    Q2 2019 Washington Real Estate Investment Trust Earnings Call

  • PR Newswire

    JLL announces $485M sale of 5 retail assets in Northern Virginia and Maryland

    Assets are anchored by market-leading or dominant grocery chains MIAMI , July 29, 2019 /PRNewswire/ -- JLL announces that it has closed the $485 million sale of a portfolio of five core, grocery-anchored ...

  • WashREIT spent more than a half-billion dollars on apartments in three months
    American City Business Journals

    WashREIT spent more than a half-billion dollars on apartments in three months

    Washington Real Estate Investment Trust (NYSE: WRE) has acquired Cascade at Landmark, a 277-unit “high-rise Class B” apartment complex in Alexandria, for $70 million, another step toward the overhaul of its inventory. With that buy, and the recent sale of multiple Greater Washington shopping centers, WashREIT has flipped the script on its assets, leaving the risk of retail largely behind in favor of office buildings and apartment complexes, especially those not so far from Amazon.com Inc.’s second headquarters. According to WashREIT, about 60% of its multifamily units are within a 35-minute public transit commute of Amazon (NASDAQ: AMZN) HQ2.

  • Washington Real Estate Investment Trust (WRE) Q2 2019 Earnings Call Transcript
    Motley Fool

    Washington Real Estate Investment Trust (WRE) Q2 2019 Earnings Call Transcript

    WRE earnings call for the period ending June 30, 2019.

  • Columbia's Gateway Overlook shopping center sold in $485 million portfolio sale
    American City Business Journals

    Columbia's Gateway Overlook shopping center sold in $485 million portfolio sale

    A Bethesda real estate investment firm has acquired the Gateway Overlook shopping center in Columbia as part of a purchase of five shopping centers. First Washington Realty purchased the portfolio from WashREIT, a real estate investment trust headquartered in D.C., for $485 million, according to a federal filing. First Washington's acquisition at Gateway Overlook totals 220,000 square feet and was 95.3 percent occupied at the end of June.

  • Washington Reit (WRE) Q2 FFO Surpass Estimates
    Zacks

    Washington Reit (WRE) Q2 FFO Surpass Estimates

    Washington Reit (WRE) delivered FFO and revenue surprises of 4.44% and -10.17%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Washington Real Estate Investment Trust Announces Second Quarter Financial and Operating Results and Quarterly Dividend

    WASHINGTON, July 25, 2019 -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a leading owner and operator of commercial and multifamily.

  • Moody's

    Washington Real Estate Investment Trust -- Moody's announces completion of a periodic review of ratings of Washington Real Estate Investment Trust

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Washington Real Estate Investment Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • GlobeNewswire

    WashREIT Completes Acquisition of Maryland Tranche of Value-Add Multifamily Portfolio

    WashREIT (WRE), a leading owner of commercial and multifamily properties in the Washington, DC area, has closed the previously announced acquisition of two garden-style multifamily assets located in Montgomery County, Maryland consisting of 428 units for $82 million. “We are executing our 2019 strategic capital allocation plan on schedule and making steady progress toward achieving our strategic objectives of de-risking our portfolio and strengthening its cash flows,” said Paul McDermott, President and CEO of WashREIT.

  • WashREIT upending its portfolio, selling most of its retail inventory in two major transactions
    American City Business Journals

    WashREIT upending its portfolio, selling most of its retail inventory in two major transactions

    Washington Real Estate Investment Trust (NYSE: WRE) has entered into contracts to sell eight major area shopping centers, reducing its retail exposure to a negligible percentage while taking other steps to boost its multifamily holdings.  The D.C.-based WashREIT announced Wednesday it has two institutional buyers, neither of which was identified, lined up for its retail assets. Its strategy, it said, is “de-risking." The first set of shopping centers will sell in late July to one buyer for roughly $485 million: Wheaton Park in Wheaton, Olney Village Center in Olney, Shoppes of Foxchase and Bradlee Shopping Center in Alexandria, and Gateway Overlook in Columbia.

  • WashREIT (WRE) to Sell 8 Retail Assets, Revises '19 Guidance
    Zacks

    WashREIT (WRE) to Sell 8 Retail Assets, Revises '19 Guidance

    Washington Real Estate Investment's (WRE) twin deals to sell eight retail assets will affect its net operating income (NOI), hence, the company trims its 2019 earnings outlook.

  • GlobeNewswire

    WashREIT Enters Contracts to Sell Eight Retail Assets, Acquire an Additional Multifamily Asset and Provides Updated 2019 Earnings Guidance  

    WashREIT (WRE) (the “Company” or “WashREIT”) has announced that it has entered into two definitive agreements with separate institutional buyers to sell a total of eight retail assets, including all three of its power centers. The Company has also updated its 2019 earnings guidance and provided a blended estimated capitalization rate (1) of approximately 6.2% for the sale of its eight retail assets. “Our 2019 strategic capital allocation plan marks a watershed moment for WashREIT as it is expected to grow the percentage of NOI (2) contributed by our multifamily portfolio to approximately 45% and reduce our retail portfolio to approximately 6% of NOI on a proforma basis, assuming we complete the dispositions and acquisitions assumed in our 2019 guidance," said Paul T. McDermott, President and CEO of WashREIT.

  • Markit

    See what the IHS Markit Score report has to say about Washington Real Estate Investment Trust.

    Washington Real Estate Investment Trust NYSE:WREView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is moderate and increasing * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NeutralShort interest is moderate for WRE with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 14. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold WRE had net inflows of $1.82 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. WRE credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • GlobeNewswire

    Washington Real Estate Investment Trust Confirms 2nd Quarter 2019 Earnings Release Date and Conference Call Information

    WASHINGTON, June 14, 2019 -- Washington REIT (Washington Real Estate Investment Trust – NYSE: WRE), a leading owner of commercial and multifamily properties in the Washington,.

  • Should You Be Concerned About Washington Real Estate Investment Trust's (NYSE:WRE) ROE?
    Simply Wall St.

    Should You Be Concerned About Washington Real Estate Investment Trust's (NYSE:WRE) ROE?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • How Much Did Washington Real Estate Investment Trust's (NYSE:WRE) CEO Pocket Last Year?
    Simply Wall St.

    How Much Did Washington Real Estate Investment Trust's (NYSE:WRE) CEO Pocket Last Year?

    In 2013 Paul McDermott was appointed CEO of Washington Real Estate Investment Trust (NYSE:WRE). First, this article...

  • Thomson Reuters StreetEvents

    Edited Transcript of WRE earnings conference call or presentation 25-Apr-19 3:00pm GMT

    Q1 2019 Washington Real Estate Investment Trust Earnings Call

  • GlobeNewswire

    WashREIT Completes Purchase of Northern Virginia Tranche of Value-Add Multifamily Portfolio Acquisition

    WashREIT (WRE) has closed the previously announced acquisition of five garden-style multifamily assets located in Northern Virginia consisting of 1,685 units for $379.1 million. “We are pleased to be growing our Northern Virginia multifamily portfolio by 53% at a time when that region is poised to deliver strong economic growth fueled by a thriving technology sector," said Paul T. McDermott, President and CEO of WashREIT. The Company now owns a total of 4,861 multifamily units in Northern Virginia and total of 5,953 units in the Washington Metro region overall.

  • Here’s What Hedge Funds Think About Washington Real Estate Investment Trust (WRE)
    Insider Monkey

    Here’s What Hedge Funds Think About Washington Real Estate Investment Trust (WRE)

    The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don't follow. Because of their pay structures, they have strong incentives to do the research necessary […]

  • Associated Press

    Washington Reit: 1Q Earnings Snapshot

    The real estate investment trust, based in Washington, said it had funds from operations of $35.4 million, or 44 cents per share, in the period. The average estimate of seven analysts surveyed by Zacks ...