Washington Real Estate Investment Trust (WRE) Soars 1.8% on March 26

Equities Staff  |

Washington Real Estate Investment Trust (WRE) had a good day on the market for Friday March 26 as shares jumped 1.8% to close at $23.23. About 656,255 shares traded hands on 5,290 trades for the day, compared with an average daily volume of n/a shares out of a total float of 84.41 million. After opening the trading day at $22.93, shares of Washington Real Estate Investment Trust stayed within a range of $23.50 to $22.89.

With today's gains, Washington Real Estate Investment Trust now has a market cap of $1.96 billion. Shares of Washington Real Estate Investment Trust have been trading within a range of $25.72 and $16.96 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

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 112 employees. Its CEO is Paul T. McDermott.

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 Real Estate Investment Trust is also 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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