Maxim Group analyst Michael Diana reiterated a Buy rating on Whitestone REIT (WSR) today and set a price target of $16. The company’s shares closed yesterday at $13.01.
Diana observed:
“WSR reported 4Q18 core FFO of $0.27 versus its dividend of $0.285 and versus guidance of $0.28-$0.30. WSR lost its anchor tenant in one property, but plans to reconfigure the space for numerous smaller tenants (that on average pay a 48% premium in rental rates compared to larger tenants).”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 5.8% and a 58.5% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.
Whitestone REIT has an analyst consensus of Strong Buy, with a price target consensus of $14.67, implying a 12.8% upside from current levels. In a report released today, Boenning & Scattergood also maintained a Buy rating on the stock.
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Whitestone REIT’s market cap is currently $517.4M and has a P/E ratio of 54.21. The company has a Price to Book ratio of 1.55.
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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.
