Whitestone REIT (NYSE:WSR) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Whitestone REIT from a “hold” rating to a “sell” rating in a report on Saturday, May 6th. Robert W. Baird downgraded Whitestone REIT from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $15.00 to $10.00 in a research note on Wednesday, May 17th. Maxim Group restated a “buy” rating and issued a $20.00 target price on shares of Whitestone REIT in a research note on Wednesday, June 14th. ValuEngine downgraded Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, FBR & Co restated an “outperform” rating and issued a $14.00 target price on shares of Whitestone REIT in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $14.25.

Whitestone REIT (WSR) traded down 0.23% during trading on Monday, reaching $12.81. The company had a trading volume of 244,095 shares. The stock has a 50 day moving average price of $12.28 and a 200 day moving average price of $13.08. Whitestone REIT has a 12 month low of $10.80 and a 12 month high of $16.30. The firm has a market capitalization of $487.50 million, a price-to-earnings ratio of 102.48 and a beta of 0.90.

Whitestone REIT (NYSE:WSR) last issued 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 return on equity of 1.69% and a net margin of 4.11%. The business had revenue of $28.27 million for the quarter, compared to the consensus estimate of $28.03 million. On average, equities research analysts predict that Whitestone REIT will post $0.27 earnings per share for the current year.

WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/07/24/whitestone-reit-wsr-raised-to-strong-buy-at-bidaskclub.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Whitestone REIT by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 383,292 shares of the real estate investment trust’s stock worth $5,512,000 after buying an additional 7,527 shares during the period. AQR Capital Management LLC increased its position in shares of Whitestone REIT by 1.5% in the fourth quarter. AQR Capital Management LLC now owns 117,997 shares of the real estate investment trust’s stock worth $1,697,000 after buying an additional 1,721 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Whitestone REIT during the fourth quarter worth approximately $552,000. State Street Corp increased its position in shares of Whitestone REIT by 11.4% in the fourth quarter. State Street Corp now owns 452,236 shares of the real estate investment trust’s stock worth $6,507,000 after buying an additional 46,319 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of 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 worth $900,000 after buying an additional 1,054 shares during the period. Hedge funds and other institutional investors own 35.40% of the company’s stock.

About Whitestone REIT

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.

Receive News & Ratings for Whitestone REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitestone REIT and related companies with MarketBeat.com's FREE daily email newsletter.