Whitestone REIT (NYSE:WSR)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a research note issued on Tuesday. They presently have a $15.00 price objective on the real estate investment trust’s stock. B. Riley’s price target would suggest a potential upside of 3.73% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a research report on Friday, August 18th. ValuEngine upgraded shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.75.

Whitestone REIT (WSR) traded down $0.04 during trading on Tuesday, hitting $14.46. 231,100 shares of the stock traded hands, compared to its average volume of 405,759. The stock has a market cap of $558.06, a PE ratio of 11.15 and a beta of 1.02. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $14.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.87.

Whitestone REIT (NYSE:WSR) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Whitestone REIT had a net margin of 5.77% and a return on equity of 2.22%. The business had revenue of $33.70 million during the quarter, compared to analysts’ expectations of $32.78 million. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 32.2% on a year-over-year basis. sell-side analysts expect that Whitestone REIT will post 1.02 earnings per share for the current year.

Several institutional investors have recently modified their holdings of WSR. GSA Capital Partners LLP acquired a new position in Whitestone REIT during the third quarter worth about $225,000. Cubist Systematic Strategies LLC acquired a new position in Whitestone REIT during the third quarter worth about $606,000. Boothbay Fund Management LLC acquired a new position in Whitestone REIT during the third quarter worth about $210,000. Mackenzie Financial Corp grew its position in Whitestone REIT by 50.0% during the third quarter. Mackenzie Financial Corp now owns 15,002 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 5,002 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Whitestone REIT by 13.9% during the third quarter. Dimensional Fund Advisors LP now owns 515,434 shares of the real estate investment trust’s stock worth $6,726,000 after buying an additional 62,884 shares during the period. Institutional investors and hedge funds own 49.97% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Whitestone REIT (WSR) Rating Reiterated by B. Riley” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/12/12/whitestone-reit-wsr-rating-reiterated-by-b-riley.html.

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.

Analyst Recommendations for Whitestone REIT (NYSE:WSR)

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.