Washington Real Estate Investme with ticker code (WRE) have now 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 26 and 21 calculating the average target price we see 22.8. Given that the stocks previous close was at 17.27 this is indicating there is a potential upside of 32.0%. There is a 50 day moving average of 19.43 and the 200 moving average now moves to 22.66. The market capitalisation for the company is $1,498m. Company Website: https://www.washreit.com
The potential market cap would be $1,978m based on the market concensus.
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.
