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What is the Market's View on Washington Real Estate Investment Trust (WRE) Stock's Price and Volume Trends Friday?

Friday, June 18, 2021 10:47 AM | InvestorsObserver Analysts
What is the Market's View on Washington Real Estate Investment Trust (WRE) Stock's Price and Volume Trends Friday?

Washington Real Estate Investment Trust (WRE) stock is down 13.78% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
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!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With WRE Stock Today?

Washington Real Estate Investment Trust (WRE) stock is trading at $23.15 as of 10:45 AM on Friday, Jun 18, a decline of -$0.37, or -1.57% from the previous closing price of $23.52. The stock has traded between $23.12 and $23.74 so far today. Volume today is less active than usual. So far 508,160 shares have traded compared to average volume of 691,034 shares.

To screen for more stocks like 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 Score Report on Washington Real Estate Investment Trust (WRE) Stock.

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