Is Washington Real Estate Investment Trust (WRE) a Stock to Watch After Losing -1.84% This Week?

Friday, September 10, 2021 11:39 AM | InvestorsObserver Analysts

Mentioned in this article

Is Washington Real Estate Investment Trust (WRE) a Stock to Watch After Losing -1.84% This Week?

The market has been down on Washington Real Estate Investment Trust (WRE) stock recently. WRE gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Washington Real Estate Investment Trust has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WRE!

See Full WRE Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With WRE Stock Today?

Washington Real Estate Investment Trust (WRE) stock is trading at $25.10 as of 11:34 AM on Friday, Sep 10, a loss of -$0.10, or -0.4% from the previous closing price of $25.20. The stock has traded between $25.01 and $25.42 so far today. Volume today is less active than usual. So far 135,270 shares have traded compared to average volume of 490,562 shares. To see InvestorsObserver's Sentiment Score for Washington Real Estate Investment Trust click here.

More About Washington Real Estate Investment Trust

Washington REIT is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located primarily near major transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's largest tenants are banking, consulting, law, and financial services firms. Click Here to get the full Stock Report for Washington Real Estate Investment Trust stock.