Washington Real Estate Investment Trust (NYSE: WRE) was downgraded by equities research analysts at Stifel Nicolaus from a ?buy? rating to a ?hold? rating in a research note issued to investors on Friday.
Separately, analysts at Jefferies downgraded shares of Washington Real Estate Investment Trust from a ?buy? rating to a ?hold? rating in a research note to investors on Thursday, July 14th.
Washington Real Estate Investment Trust (WRIT) is a self-administered, self-managed, equity real estate investment trust (REIT). The Company?s business consists of the ownership and operation of real property in the greater Washington metro region. It owns a portfolio of office buildings, medical office buildings, industrial/flex properties, multifamily buildings and retail centers. On August 13, 2009, the Company acquired Lansdowne Medical Office Building. In May 2009, it sold a multifamily property, Avondale Apartments. In July 2009, the Company sold an industrial property, Tech 100 Industrial Park. In July 2009, it sold an office property, Brandywine Center. In November 2009, WRIT sold an industrial property, Crossroads Distribution Center.
Shares of Washington Real Estate Investment Trust opened at 28.46 on Friday. Washington Real Estate Investment Trust has a 52 week low of $25.45 and a 52 week high of $34.54. The stock?s 50-day moving average is $29.32 and its 200-day moving average is $31.08. The company has a market cap of $1.879 billion and a price-to-earnings ratio of 65.43.
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