Reported 1 day ago
JMP Securities has reaffirmed its Market Outperform rating for Whitestone REIT (NYSE:WSR) at a price target of $16.00 after the company announced plans to acquire a shopping center in Fort Worth, Texas. This acquisition marks Whitestone's 29th asset in Texas, adding to its portfolio of 56 properties across Texas and Arizona. JMP noted that the purchase strengthens Whitestone's market position and reinforces its strategy of focusing on properties with strong rental income and growth potential.
Source: YAHOO