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Trade-Ideas LLC identified Washington REIT ( WRE) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Washington REIT as such a stock due to the following factors:

  • WRE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.3 million.
  • WRE traded 43,960 shares today in the pre-market hours as of 8:06 AM, representing 13.5% of its average daily volume.

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More details on WRE: Washington Real Estate Investment Trust is an equity real estate investment trust (REIT). The company engages in the ownership, operation, and development of real properties. The firm invests in real estate markets of the greater Washington D.C. metro region. The stock currently has a dividend yield of 4.1%. WRE has a PE ratio of 23. Currently there are 2 analysts that rate Washington REIT a buy, no analysts rate it a sell, and 4 rate it a hold. The average volume for Washington REIT has been 389,800 shares per day over the past 30 days. Washington REIT has a market cap of $2.0 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.82 and a short float of 7.5% with 10.56 days to cover. Shares are up 8.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

TheStreet Recommends

Analysis:

TheStreet Quant Ratings

rates Washington REIT as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and feeble growth in the company's earnings per share. Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 4.6%. Since the same quarter one year prior, revenues slightly increased by 2.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Looking ahead, our view is that this company's fundamentals will not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
  • The gross profit margin for WASHINGTON REIT is currently lower than what is desirable, coming in at 29.03%. Regardless of WRE's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, WRE's net profit margin of 3.08% is significantly lower than the industry average.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income has significantly decreased by 91.9% when compared to the same quarter one year ago, falling from $29.51 million to $2.38 million.

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