Whitestone REIT Gets a Buy Rating from Maxim Group

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 $11.02.

Diana observed:

“KBS Strategic Opportunity REIT has acquired 9.6% of WSR shares and waged a proxy fight to elect two Directors at WSR’s Annual Meeting on May 17.”

According to TipRanks.com, Diana is a 4-star analyst with an average return of 6.7% and a 60.5% 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 Moderate Buy, with a price target consensus of $13.

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Whitestone REIT’s market cap is currently $432.2M and has a P/E ratio of 50.09. The company has a book value ratio of 1.2434.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WSR in relation to earlier this year.

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Whitestone REIT is a real estate company, which acquires, owns, manages, develops, and redevelops commercial properties in markets in major metropolitan areas. The company was founded on August 20, 1998 and is headquartered in Houston, TX.