Whitestone REIT (NYSE:WSR)‘s stock had its “hold” rating reiterated by equities research analysts at Ladenburg Thalmann Financial Services in a research note issued on Friday.

Other equities research analysts have also issued reports about the stock. Robert W. Baird lowered shares of Whitestone REIT from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $15.00 to $10.00 in a report on Wednesday, May 17th. Zacks Investment Research lowered shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 26th. ValuEngine lowered shares of Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, Maxim Group reissued a “buy” rating and set a $20.00 target price on shares of Whitestone REIT in a report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Whitestone REIT has a consensus rating of “Hold” and a consensus target price of $14.25.

Shares of Whitestone REIT (WSR) traded down 0.63% during trading on Friday, reaching $12.63. 246,956 shares of the company traded hands. The firm has a market capitalization of $486.55 million, a price-to-earnings ratio of 87.71 and a beta of 0.92. The company has a 50 day moving average price of $12.71 and a 200 day moving average price of $12.94. Whitestone REIT has a 12-month low of $10.80 and a 12-month high of $15.05.

Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. Whitestone REIT had a net margin of 4.36% and a return on equity of 1.69%. The firm had revenue of $30.20 million for the quarter, compared to analyst estimates of $30.68 million. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities analysts predict that Whitestone REIT will post $0.28 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Hancock Holding Co. increased its position in shares of Whitestone REIT by 13.8% in the first quarter. Hancock Holding Co. now owns 614,170 shares of the real estate investment trust’s stock worth $8,500,000 after buying an additional 74,420 shares during the period. Rational Advisors LLC purchased a new position in shares of Whitestone REIT during the first quarter worth about $2,021,000. HL Financial Services LLC increased its position in shares of 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 worth $397,000 after buying an additional 935 shares during the period. Schnieders Capital Management LLC increased its position 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 worth $145,000 after buying an additional 450 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Whitestone REIT by 21.3% in the first quarter. Parametric Portfolio Associates LLC now owns 49,240 shares of the real estate investment trust’s stock worth $681,000 after buying an additional 8,648 shares during the period. Hedge funds and other institutional investors own 36.87% 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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