Maxim Group analyst Michael Diana reiterated a Buy rating on Whitestone REIT (NYSE: WSR) today and set a price target of $16. The company’s shares closed on Friday at $12.98.
Diana noted:
“WSR reported 2Q18 core FFO of $0.29 versus a dividend of $0.285.”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 7.2% and a 62.4% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Whitestone REIT has an analyst consensus of Strong Buy, with a price target consensus of $14.50, which is an 11.7% upside from current levels. In a report issued on August 3, B.Riley FBR also reiterated a Buy rating on the stock with a $14 price target.
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Based on Whitestone REIT’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.78 million. In comparison, last year the company had a net profit of $1.93 million.
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Whitestone REIT is a real estate company, which acquires, owns, manages, develops, and redevelops commercial properties in the markets of major metropolitan areas. The company was founded on August 20, 1998 and is headquartered in Houston, TX.
