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UPDATE: BMO Capital Markets Downgrades Whitestone REIT to Market Perform, Reiterates $16 PT

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In a report published Friday, BMO Capital Markets downgraded its rating on Whitestone REIT (NYSE: WSR) from Outperform to Market Perform, and reiterated its $16.00 price target.

BMO Capital noted, “Since April 9, 2012, WSR's 9.7% total return has outperformed the REIT Index (RMS) by 450 bp. More recently, the stock has strengthened on the news of its inclusion in the REIT index. Given the recent move, we think further share price appreciation will be more directly linked to underlying fundamentals, including leasing of the portfolio and acquiring shopping centers accretively.”

Whitestone REIT closed on Thursday at $13.76.

Latest Ratings for WSR

DateFirmActionFromTo
Feb 2014JMP SecuritiesUpgradesMarket PerformMarket Outperform
Oct 2013WunderlichMaintainsBuy
May 2013WunderlichMaintainsBuy

View More Analyst Ratings for WSR
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Downgrades Analyst Ratings

 

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