The market has been high on Washington Real Estate Investment Trust (WRE) stock recently. WRE gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With WRE Stock Today?
Washington Real Estate Investment Trust (WRE) stock is down -0.61% while the S&P 500 is up 0.52% as of 1:40 PM on Thursday, Sep 17. WRE has fallen -$0.13 from the previous closing price of $21.39 on volume of 299,418 shares. Over the past year the S&P 500 has risen 13.16% while WRE has fallen -23.64%. WRE earned $4.75 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.47.
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.
