Washington Real Estate Investme with ticker code (WRE) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 29 and 24 with the average target price sitting at 26. Now with the previous closing price of 24.44 this would imply there is a potential upside of 6.4%. The 50 day moving average now sits at 25.44 and the 200 day moving average is 24.78. The company has a market capitalisation of $2,052m. You can visit the company’s website by visiting: https://www.washreit.com
The potential market cap would be $2,183m 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.
