Whitestone REIT (NYSE:WSR) has been given an average recommendation of “Buy” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $14.75.

A number of equities analysts have weighed in on WSR shares. Zacks Investment Research raised Whitestone REIT from a “sell” rating to a “hold” rating in a research report on Saturday. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a research report on Thursday, November 30th. ValuEngine raised Whitestone REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, B. Riley reissued a “buy” rating and set a $15.00 price target on shares of Whitestone REIT in a research report on Tuesday, December 12th.

A number of hedge funds and other institutional investors have recently made changes to their positions in WSR. Russell Investments Group Ltd. increased its position in Whitestone REIT by 163.2% during the second quarter. Russell Investments Group Ltd. now owns 31,800 shares of the real estate investment trust’s stock worth $390,000 after buying an additional 19,717 shares during the last quarter. Rhumbline Advisers increased its position in Whitestone REIT by 27.1% during the second quarter. Rhumbline Advisers now owns 48,325 shares of the real estate investment trust’s stock worth $592,000 after buying an additional 10,305 shares during the last quarter. Bank of New York Mellon Corp increased its position in Whitestone REIT by 20.4% during the second quarter. Bank of New York Mellon Corp now owns 326,832 shares of the real estate investment trust’s stock worth $4,004,000 after buying an additional 55,350 shares during the last quarter. Kennedy Capital Management Inc. acquired a new position in Whitestone REIT during the second quarter worth approximately $858,000. Finally, Wells Fargo & Company MN increased its position in Whitestone REIT by 14.0% during the second quarter. Wells Fargo & Company MN now owns 96,492 shares of the real estate investment trust’s stock worth $1,182,000 after buying an additional 11,840 shares during the last quarter. 49.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Whitestone REIT (WSR) opened at $13.64 on Tuesday. Whitestone REIT has a twelve month low of $10.80 and a twelve month high of $15.15. The stock has a market capitalization of $524.96, a PE ratio of 75.78 and a beta of 1.04. 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 earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. Whitestone REIT had a return on equity of 2.22% and a net margin of 5.77%. The business had revenue of $33.70 million for the quarter, compared to analyst estimates of $32.78 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Whitestone REIT’s revenue was up 32.2% on a year-over-year basis. analysts expect that Whitestone REIT will post 1.02 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be given a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date is Friday, February 2nd. Whitestone REIT’s dividend payout ratio (DPR) is presently 633.33%.

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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.

Analyst Recommendations for Whitestone REIT (NYSE:WSR)

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