Whitestone REIT (NYSE:WSR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

WSR has been the subject of several other reports. Zacks Investment Research downgraded Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Robert W. Baird downgraded Whitestone REIT from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $15.00 to $10.00 in a research note on Wednesday, May 17th. BidaskClub raised Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Maxim Group reissued a “buy” rating and issued a $20.00 price objective on shares of Whitestone REIT in a research note on Wednesday, June 14th. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Whitestone REIT has an average rating of “Buy” and a consensus price target of $14.25.

Whitestone REIT (NYSE:WSR) traded down 0.16% during mid-day trading on Thursday, reaching $12.86. The company’s stock had a trading volume of 452,425 shares. The firm has a market capitalization of $489.40 million, a price-to-earnings ratio of 107.17 and a beta of 0.92. The firm has a 50-day moving average of $12.52 and a 200 day moving average of $13.01. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $15.51.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.68 million. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.11%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. Equities analysts expect that Whitestone REIT will post $0.27 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. Schnieders Capital Management LLC increased its stake in Whitestone REIT by 7.6% in the second quarter. Schnieders Capital Management LLC now owns 11,275 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 800 shares during the period. Capital Investment Advisors LLC increased its stake 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 worth $151,000 after buying an additional 1,000 shares during the period. AE Wealth Management LLC purchased a new stake in Whitestone REIT during the first quarter worth $160,000. Bank of Montreal Can increased its stake 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 worth $201,000 after buying an additional 2,570 shares during the period. Finally, American International Group Inc. increased its stake in Whitestone REIT by 7.3% in the first quarter. American International Group Inc. now owns 16,157 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 1,105 shares during the period. 35.72% of the stock is owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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