Whitestone REIT (NYSE:WSR) Receives Consensus Rating of “Hold” from Brokerages

Whitestone REIT (NYSE:WSR) has received an average recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.80.

WSR has been the topic of a number of research reports. B. Riley Financial lowered Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Citigroup cut shares of Whitestone REIT from a “market outperform” rating to a “market perform” rating in a report on Friday, April 10th. Colliers Securities set a $19.00 target price on shares of Whitestone REIT in a research report on Friday, April 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Whitestone REIT in a report on Friday, July 10th. Finally, Cantor Fitzgerald downgraded Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th.

Institutional Investors Weigh In On Whitestone REIT

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Whitestone REIT by 3.0% during the 2nd quarter. BlackRock Inc. now owns 8,272,745 shares of the real estate investment trust’s stock valued at $156,851,000 after purchasing an additional 239,570 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Whitestone REIT during the 2nd quarter worth about $210,000. Deutsche Bank AG grew its position in shares of Whitestone REIT by 39.8% during the 2nd quarter. Deutsche Bank AG now owns 47,363 shares of the real estate investment trust’s stock valued at $898,000 after acquiring an additional 13,482 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Whitestone REIT by 13.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 40,033 shares of the real estate investment trust’s stock valued at $759,000 after purchasing an additional 4,703 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Whitestone REIT by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 416,238 shares of the real estate investment trust’s stock valued at $7,892,000 after purchasing an additional 8,680 shares in the last quarter. Hedge funds and other institutional investors own 69.51% of the company’s stock.

Whitestone REIT Stock Performance

Shares of Whitestone REIT stock opened at $18.99 on Friday. The company has a 50 day moving average price of $18.99 and a 200 day moving average price of $17.53. The firm has a market capitalization of $975.97 million, a P/E ratio of 19.78 and a beta of 0.78. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.39. Whitestone REIT has a 52 week low of $11.43 and a 52 week high of $19.10.

About Whitestone REIT

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.