Washington Real Estate Investme found using ticker (WRE) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 26 and 21 with a mean TP of 23.5. Given that the stocks previous close was at 21.27 this now indicates there is a potential upside of 10.5%. The 50 day moving average now sits at 21.48 and the 200 day MA is 23.96. The company has a market cap of $1,857m. Company Website: https://www.washreit.com
The potential market cap would be $2,052m 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.
