Jefferies Downgrades Washington Real Estate Investment Trust (WRE) to Hold

July 14, 2011 7:34 AM EDT
Get Alerts WRE Hot Sheet
Price: $17.57 --0%

Rating Summary:
    1 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Jefferies downgraded Washington Real Estate Investment Trust (NYSE: WRE) from Buy to Hold but maintained a $36 price target.

Given macro concerns and lofty valuation levels, the firm is lowering their sector weighting on both Office and Self-Storage to Underperform, from Market Perform.

For more ratings news on Washington Real Estate Investment Trust click here and for the rating history of Washington Real Estate Investment Trust click here.

Shares of Washington Real Estate Investment Trust closed at $32.77 yesterday.


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