The firm said it raised its rating on the real estate investment trust based on a variety of factors, including a deleveraging opportunity created from the sale of its $22 million share of interest in Select Income REIT (SIR), a return in dedicated interest based on the company's new management strategy, and a recent sell off in shares which created an "attractive entry point," Benzinga.com reports.
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Separately, TheStreet Ratings team rates COMMONWEALTH REIT as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate COMMONWEALTH REIT (CWH) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."