Wells Fargo Reaffirms Their Hold Rating on Washington Real Estate Investment (WRE)

In a report released today, Blaine Heck from Wells Fargo maintained a Hold rating on Washington Real Estate Investment (WREResearch Report), with a price target of $17.00. The company’s shares opened today at $18.04.

According to TipRanks, Heck is an analyst with an average return of -3.7% and a 43.06% success rate. Heck covers the Financial sector, focusing on stocks such as Boston Properties, Cousins Properties, and Douglas Emmett.

Currently, the analyst consensus on Washington Real Estate Investment is a Moderate Buy with an average price target of $25.50.

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The company has a one-year high of $26.18 and a one-year low of $16.14. Currently, Washington Real Estate Investment has an average volume of 479.9K.

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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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