Washington Real Estate Investment (WRE) Initiated with a Buy at Raymond James


Washington Real Estate Investment (WRE) received a Buy rating from Raymond James analyst William Crow today. The company’s shares closed last Monday at $21.09.

According to TipRanks.com, Crow is a 4-star analyst with an average return of 11.9% and a 66.0% success rate. Crow covers the Financial sector, focusing on stocks such as Easterly Government Properties, Corporate Office Properties, and Armada Hoffler Properties.

Washington Real Estate Investment has an analyst consensus of Moderate Buy, with a price target consensus of $25.00.

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Washington Real Estate Investment’s market cap is currently $1.74B and has a P/E ratio of 35.80. The company has a Price to Book ratio of 1.33.

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Washington Real Estate Investment Trust engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office and Multifamily. The Office segment provides office space for various types of businesses and professions. The Multifamily segment provides rental housing for individuals and families throughout Washington metro region. The company was founded by Arthur A. Birney and Benjamin H. Dorsey in 1960 and is headquartered in Washington, DC.

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