Whitestone REIT (NYSE:WSR)‘s stock had its “hold” rating restated by equities research analysts at Ladenburg Thalmann Financial Services in a report released on Thursday.

A number of other equities analysts have also recently weighed in on the company. ValuEngine raised Whitestone REIT from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research cut Whitestone REIT from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.67.

Shares of Whitestone REIT (NYSE:WSR) opened at $14.81 on Thursday. The stock has a market capitalization of $568.45, a PE ratio of 11.36 and a beta of 1.02. 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 has a 12-month low of $10.80 and a 12-month high of $14.98.

Whitestone REIT (NYSE:WSR) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. The firm had revenue of $33.70 million during the quarter, compared to the consensus estimate of $32.78 million. Whitestone REIT had a return on equity of 2.22% and a net margin of 5.77%. The company’s revenue for the quarter was up 32.2% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. sell-side analysts forecast that Whitestone REIT will post 1.02 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. HL Financial Services LLC raised its holdings in shares of Whitestone REIT by 3.4% during the 2nd quarter. HL Financial Services LLC now owns 29,679 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 987 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Whitestone REIT by 14.9% during the 2nd quarter. Voya Investment Management LLC now owns 18,495 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 2,394 shares in the last quarter. Commonwealth Equity Services Inc raised its holdings in shares of Whitestone REIT by 13.9% during the 3rd quarter. Commonwealth Equity Services Inc now owns 40,309 shares of the real estate investment trust’s stock valued at $526,000 after buying an additional 4,920 shares in the last quarter. Strs Ohio raised its holdings in shares of Whitestone REIT by 9.4% during the 2nd quarter. Strs Ohio now owns 57,858 shares of the real estate investment trust’s stock valued at $708,000 after buying an additional 4,953 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Whitestone REIT by 2.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 216,182 shares of the real estate investment trust’s stock valued at $2,992,000 after buying an additional 4,959 shares in the last quarter. 49.95% of the stock is currently owned by institutional investors.

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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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