Stifel Nicolaus is out with its report today on Washington REIT WRE, downgrading WRE from Buy to Hold.
In its report, Stifel Nicolaus writes, "We are downgrading Washington REIT as we think the outperformance
associated with the recent $350mm industrial/flex portfolio sale and associated capital recycling has largely played out and a sluggish greater Washington, D.C., economy will hurt property operations."
At the time of posting, shares of WRE were trading pre-market at $28.42, down 0.14% from Thursday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in