Whitestone REIT (NYSE:WSR)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a research note issued to investors on Tuesday.
WSR has been the subject of several other research reports. Zacks Investment Research upgraded shares of Whitestone REIT from a “sell” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research report on Thursday, August 9th. ValuEngine upgraded shares of Whitestone REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. JMP Securities upped their target price on shares of Whitestone REIT from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Finally, Boenning Scattergood began coverage on shares of Whitestone REIT in a research report on Thursday, July 12th. They issued a “buy” rating and a $13.50 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Whitestone REIT presently has an average rating of “Hold” and a consensus price target of $13.58.
NYSE WSR opened at $14.01 on Tuesday. Whitestone REIT has a 52 week low of $10.06 and a 52 week high of $15.15. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $554.43 million, a price-to-earnings ratio of 11.21 and a beta of 0.99.
Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, topping the consensus estimate of $0.09 by $0.10. Whitestone REIT had a net margin of 10.59% and a return on equity of 4.08%. The firm had revenue of $34.60 million during the quarter, compared to analysts’ expectations of $33.67 million. As a group, equities analysts expect that Whitestone REIT will post 1.04 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Whitestone REIT in the 2nd quarter worth approximately $115,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Whitestone REIT in the 2nd quarter worth approximately $149,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Whitestone REIT in the 2nd quarter worth approximately $176,000. Independent Advisor Alliance acquired a new stake in shares of Whitestone REIT in the 2nd quarter worth approximately $185,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Whitestone REIT in the 2nd quarter worth approximately $207,000. 49.75% of the stock is owned by institutional investors.
About Whitestone REIT
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provide daily necessities, needed services and entertainment to the communities in which they are located.
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