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Whitestone REIT (WSR) Gets a Hold Rating from JMP Securities

In a report released today, Aaron Hecht from JMP Securities maintained a Hold rating on Whitestone REIT (WSRResearch Report). The company’s shares closed last Wednesday at $9.46.

According to TipRanks.com, Hecht is a 4-star analyst with an average return of 15.3% and a 78.8% success rate. Hecht covers the Financial sector, focusing on stocks such as Innovative Industrial Properties, Industrial Logistics Properties, and Preferred Apartment Communities.

Whitestone REIT has an analyst consensus of Moderate Buy, with a price target consensus of $11.00.

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Based on Whitestone REIT’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $30.62 million and net profit of $5.13 million. In comparison, last year the company earned revenue of $27.6 million and had a net profit of $410K.

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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.

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