Should Investors Be Buying Washington REIT (NYSE:WRE) Stock Following Today’s CapitalOne Upgrade?


Washington REIT (NYSE:WRE) Stock Upgrade

CapitalOne boosted the shares of Washington REIT (NYSE:WRE) from a “Equal Weight” rating to “Overweight” rating in a recent research report shared with investors and clients on Thursday morning.

Approximately 100,960 shares of stock traded hands. Washington Real Estate Investment Trust (NYSE:WRE) has risen 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).