Whitestone REIT (WSR) Rating Reiterated by B. Riley
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.
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.
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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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