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UPDATE: Stifel Nicolaus Downgrades Washington REIT to Hold

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Stifel Nicolaus is out with its report today on Washington REIT (NYSE: 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.

 

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Posted-In: Stifel NicolausAnalyst Color Downgrades Analyst Ratings

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