BTIG analyst James W Sullivan maintained a Buy rating on Washington Real Estate Investment (NYSE:WRE) Trust on Monday, setting a price target of $28.5, which is approximately 10.38% above the present share price of $25.82.
W Sullivan expects Washington Real Estate Investment Trust to post earnings per share (EPS) of $0.37 for the fourth quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Washington Real Estate Investment, with an average price target of $26.75.
The analysts price targets range from a high of $28.5 to a low of $25.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $42.5 million and a net profit of -$1.62 million. The company's market cap is $2.19 billion.
According to TipRanks.com, BTIG analyst James W Sullivan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.3% and a 72.09% success rate.
Washington Real Estate Investment Trust engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office and Multifamily. The Office segment provides office space for various types of businesses and professions. The Multifamily segment provides rental housing for individuals and families throughout Washington metro region. The company was founded by Arthur A. Birney and Benjamin H. Dorsey in 1960 and is headquartered in Washington, DC.