Washington Real Estate Investme – Consensus Indicates Potential -1.9% Downside

Broker Ratings

Washington Real Estate Investme with ticker code (WRE) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 28.5 and 24 with the average target price sitting at 25.5. Given that the stocks previous close was at 26 this indicates there is a potential downside of -1.9%. The day 50 moving average is 25.46 while the 200 day moving average is 24.2. The market capitalisation for the company is $2,177m. Company Website: http://www.washreit.com

WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company’s portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units. These 45 properties consist of 22 multifamily properties,15 office properties, and 8 retail centers. Our shares trade on the NYSE. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation’s most competitive real estate markets.

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