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.
A number of analysts gave price targets for WRE. The most optimistic analyst gave a price target of 37, implying potential capital gains of 15.12 percent. The most pessimistic analyst gave a price target of 32, which equates to a potential downside of -0.44 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes 11.11 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -1.47 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 7.22 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY 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 people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, 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.
WRE has traded between a high of 34.61 and a low of 27.65 over the past year. The current market price is above the trailing year's low by 16.24 percent, and 7.14 percent lower than its 52-week high. 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.