Whitestone REIT (NYSE:WSR) Forecasted to Earn Q2 2017 Earnings of $0.26 Per Share
Whitestone REIT (NYSE:WSR) – FBR & Co issued their Q2 2017 earnings per share estimates for shares of Whitestone REIT in a report released on Tuesday. FBR & Co analyst C. Kucera expects that the real estate investment trust will post earnings per share of $0.26 for the quarter. FBR & Co has a “Outperform” rating and a $14.00 price target on the stock. FBR & Co also issued estimates for Whitestone REIT’s 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.
A number of other analysts have also weighed in on WSR. Zacks Investment Research lowered Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Saturday, May 6th. Robert W. Baird lowered Whitestone REIT from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $15.00 to $10.00 in a research note on Wednesday, May 17th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Whitestone REIT in a research note on Monday, May 22nd. ValuEngine downgraded Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Maxim Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Whitestone REIT in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $14.25.
Shares of Whitestone REIT (WSR) opened at 12.40 on Thursday. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $16.30. The firm has a market capitalization of $471.89 million, a P/E ratio of 99.20 and a beta of 0.91. The stock has a 50 day moving average of $12.04 and a 200-day moving average of $13.24.
Whitestone REIT (NYSE:WSR) last posted its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. Whitestone REIT had a net margin of 4.11% and a return on equity of 1.69%. The company had revenue of $28.27 million for the quarter, compared to the consensus estimate of $28.03 million.
Hedge funds have recently modified their holdings of the stock. Schnieders Capital Management LLC increased its stake in shares of 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. AE Wealth Management LLC bought a new position in Whitestone REIT during the first quarter valued at $160,000. Capital Investment Advisors LLC increased 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 in the last quarter. Numeric Investors LLC increased 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 in the last quarter. Finally, Bank of Montreal Can increased its position in Whitestone REIT by 21.4% in the first quarter. Bank of Montreal Can now owns 14,581 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 2,570 shares in the last quarter. 35.40% of the stock is currently owned by institutional investors.
The firm also recently announced a monthly dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, August 3rd will be paid a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 9.19%. The ex-dividend date of this dividend is Tuesday, August 1st. Whitestone REIT’s dividend payout ratio (DPR) is presently 876.99%.
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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