Market Overview

UPDATE: Stifel Downgrades Washington Real Estate Investment Trust As Republican Congress Puts Brakes On Recovery


In a report published Tuesday, Stifel analyst John Guinee downgraded the rating on Washington Real Estate Investment Trust (NYSE: WRE) from Buy to Hold, and removed the $29.00 price target.

In the report, Stifel noted, “We are downgrading Washington REIT to Hold from Buy as the soon to be Republican controlled Congress is promising a smaller budget, a smaller Federal Government footprint, and decisions being pushed to the state level. We think the painfully slow office recovery in the greater Washington, D.C. MSA will pause; perhaps for years. The Washington, D.C.-centric REITs we cover all appear to be in the same situation. The private market investors take a 5-10 year perspective and are aggressively underwriting core and core plus assets, while the public markets take a more short-term quarterly view.”

Washington Real Estate Investment Trust closed on Monday at $27.70.

Latest Ratings for WRE

Jul 2020Raymond JamesMaintainsOutperform
Jul 2020JP MorganUpgradesUnderweightNeutral
Jun 2020StifelMaintainsHold

View More Analyst Ratings for WRE
View the Latest Analyst Ratings


Related Articles (WRE)

View Comments and Join the Discussion!

Posted-In: John Guinee StifelAnalyst Color Downgrades Analyst Ratings

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at