Whitestone REIT (NYSE:WSR)‘s stock had its “outperform” rating restated by equities research analysts at FBR & Co in a research note issued on Tuesday, July 11th, MarketBeat reports. They currently have a $14.00 price objective on the real estate investment trust’s stock. FBR & Co’s price objective would suggest a potential upside of 8.78% from the stock’s previous close. FBR & Co also issued estimates for Whitestone REIT’s Q2 2017 earnings at $0.26 EPS, Q3 2017 earnings at $0.29 EPS, Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $1.07 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.17 EPS.

WSR has been the subject of a number of other research reports. Robert W. Baird cut shares of Whitestone REIT from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $15.00 to $10.00 in a report on Wednesday, May 17th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Whitestone REIT in a report on Monday, May 22nd. Zacks Investment Research upgraded shares of Whitestone REIT from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. ValuEngine cut shares of Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Maxim Group restated a “buy” rating and issued a $20.00 price objective on shares of Whitestone REIT in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.25.

Shares of Whitestone REIT (NYSE:WSR) traded up 0.08% during trading on Tuesday, reaching $12.87. 280,325 shares of the company’s stock were exchanged. The stock has a market cap of $459.65 million, a P/E ratio of 92.59 and a beta of 0.92. The company has a 50 day moving average of $12.52 and a 200 day moving average of $13.01. Whitestone REIT has a 12-month low of $10.80 and a 12-month high of $15.51.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Whitestone REIT had a net margin of 4.36% and a return on equity of 1.84%. The business had revenue of $30.20 million during the quarter, compared to analysts’ expectations of $30.68 million. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. Equities research analysts anticipate that Whitestone REIT will post $0.27 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of WSR. Schnieders Capital Management LLC boosted its position in Whitestone REIT by 4.5% in the first quarter. Schnieders Capital Management LLC now owns 10,475 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 450 shares during the period. HL Financial Services LLC boosted its position in Whitestone REIT by 3.4% in the first quarter. HL Financial Services LLC now owns 28,692 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 935 shares during the period. Numeric Investors LLC boosted its position in Whitestone REIT by 7.5% in the fourth quarter. Numeric Investors LLC now owns 14,400 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 1,000 shares during the period. Capital Investment Advisors LLC boosted its position in Whitestone REIT by 8.8% in the second quarter. Capital Investment Advisors LLC now owns 12,300 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,000 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Whitestone REIT by 1.6% in the first quarter. Asset Management One Co. Ltd. now owns 65,760 shares of the real estate investment trust’s stock valued at $900,000 after buying an additional 1,054 shares during the period. Institutional investors own 35.72% of the company’s stock.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust. The Company is engaged in owning and operating commercial properties in culturally diverse markets in various metropolitan areas. The Company’s acquisition targets are located in densely populated, culturally diverse neighborhoods, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.

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