UPDATE: Compass Point Reiterates Lowers PT On Winthrop Realty Trust On Ex-Date Of First Liquidation Dividend

In a report published Wednesday, Compass Point analyst Wilkes Graham reiterated a Buy rating on Winthrop Realty Trust (NYSE: FUR), but lowered the price target from $21.00 to $19.00.

In the report, Compass Point noted, “We are reiterating our Buy rating on shares of FUR and adjusting our price target to $19 from $21 to account for (a) the $2.25 special dividend that went ex- today and (b) $0.07 is net accretion to our previous NAV from recently announced asset sales.”

Winthrop Realty Trust closed on Tuesday at $15.66.