Washington Real Estate Investment Trust "outperform," estimates raised

10/01/07 - Robert W. Baird

NEW YORK, October 1 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Washington Real Estate Investment Trust (WRE), while raising their estimates for the company. The target price is set to $47.

In a research note published on September 28, the analysts mention that the company has completed the sale of its Maryland Trade Centers I and II for $58 million. The overall asset quality of Washington Real Estate Investment Trust’s portfolio continues to improve, the analysts say. The FFO per share estimate for FY07 has been raised from $2.27 to $2.28, to reflect the timing of the asset sales.