Washington Real Estate Investment Trust (NYSE:WRE) Stock Upgrade
Capital One gave has just issued a new rating of Overweight on shares of Washington Real Estate Investment Trust (NYSE:WRE) in analysts report announced earlier today, which is a upgrade from the last Equalweight rating for shares. The equities firm after the upgrade has a solid $32.00 target on Washington Real Estate Investment Trust (NYSE:WRE), which suggests upside potential of around 15.52%.
It is down 12.18% since April 30, 2015 and is uptrending. It has outperformed by 12.46% the S&P500.
Washington Real Estate Investment Trust is a self-administered, self-managed, equity real estate investment trust (REIT). The company has a market cap of $1.89 billion. The Company’s three divisions include office, retail, and multifamily. It has 63.39 P/E ratio. WRIT’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region.
According to Zacks Investment Research, “WASHINGTON R.E. INV. TRUST is a self-administered qualified equity real estate investment trust. The Trust’s business consists of the ownership of income-producing real estate properties principally in the Greater Washington-Baltimore Region. The Trust has a fundamental strategy of regional focus, diversified property type ownership and conservative financial management.” Get a free copy of the Zacks research report on Washington Real Estate Investment Trust (WRE).