Analyst Ratings for Washington Real Estate Investment Trust (WRE)Updated: 2017-07-27
Shares of Washington Real Estate Investment Trust (NYSE:WRE) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for WRE last month.
7 analysts issued ratings on the stock, where 1 gave WRE a buy rating, 3 gave an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
WRE was given price targets by several analysts. The highest price target was 37, implying potential capital gains of 15.12 percent. The most pessimistic price target was 32, which equates to a potential downside of -0.44 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 11.11 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -1.47 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 7.22 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.
Analysts estimate earnings of WRE to grow at a rate of 8.15 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of WRE is 2.36.
In the trailing 52-weeks, WRE hit 34.61 at the highest peak, while it's lowest trading point was 27.65. Currently the stock is 16.24 percent higher than its low, and below the high by 7.14 percent. WRE has a P/E ratio of 19.25. Investors typically compare the P/E ratio to a company's peers in the industry. The WRE value stock report compares WRE to some of its peers using value stock charts. The stock has a market capitalization of $2.46 billion. WRE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.