Washington Real Estate Investment Trust (WRE) Plunges 5.08% on May 13

Equities Staff  |

Washington Real Estate Investment Trust (WRE) had a rough trading day for Wednesday May 13 as shares tumbled 5.08%, or a loss of $-1.02 per share, to close at $19.04. After opening the day at $19.83, shares of Washington Real Estate Investment Trust traded as high as $20.00 and as low as $18.97. Volume was 580,132 shares over 6,123 trades, against an average daily volume of n/a shares and a total float of 82.32 million.

As a result of the decline, Washington Real Estate Investment Trust now has a market cap of $1.57 billion. In the last year, shares of Washington Real Estate Investment Trust have traded between a range of $32.22 and $19.53, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Washington Real Estate Investment Trust, check out Equities.com’s Stock Valuation Analysis report for WRE.

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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.

Washington Real Estate Investment Trust is based out of Washington, DC and has some 125 employees. Its CEO is Paul T. McDermott.

Washington Real Estate Investment Trust is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Washington Real Estate Investment Trust and to follow the company’s latest updates, you can visit the company’s profile page here: WRE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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