Washington Real Estate Investment Trust (WRE) stock has gained 2.78% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With WRE Stock Today?
Washington Real Estate Investment Trust (WRE) stock is trading at $23.64 as of 10:50 AM on Thursday, Jul 8, a loss of -$0.13, or -0.55% from the previous closing price of $23.77. The stock has traded between $23.48 and $23.73 so far today. Volume today is less active than usual. So far 92,090 shares have traded compared to average volume of 973,713 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.
