Wunderlich Reiterates Buy on BRE Properties

Wunderlich is out with its report today on BRE Properties

, reiterating Buy. In its report, Wunderlich writes, "We reiterate our Buy rating on BRE Properties, Inc. and our price target of $55 per share. The company reported in-line 3Q11 results and tightened its 2011 guidance range. We view current trading levels as an attractive entry point for this high-quality multifamily REIT focused on attractive Western U.S. growth markets." At the time of posting, shares of BRE were trading at $48.81, down 0.57% from Wednesday's close.