Whitestone REIT (NYSE:WSR) had its price target raised by JMP Securities from $13.50 to $14.00 in a research note published on Wednesday. JMP Securities currently has a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Whitestone REIT from a strong-buy rating to a hold rating in a report on Tuesday, August 21st. ValuEngine raised Whitestone REIT from a sell rating to a hold rating in a report on Wednesday, August 15th. Finally, Boenning Scattergood started coverage on Whitestone REIT in a report on Thursday, July 12th. They issued a buy rating and a $13.50 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Whitestone REIT presently has a consensus rating of Hold and a consensus price target of $13.58.

WSR traded up $0.10 during trading hours on Wednesday, hitting $13.71. The stock had a trading volume of 20,678 shares, compared to its average volume of 206,686. Whitestone REIT has a 1 year low of $10.06 and a 1 year high of $15.15. The firm has a market cap of $539.73 million, a P/E ratio of 10.97 and a beta of 1.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.97 and a current ratio of 0.97.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Whitestone REIT had a return on equity of 2.73% and a net margin of 7.19%. The firm had revenue of $33.07 million during the quarter, compared to analysts’ expectations of $33.21 million. research analysts predict that Whitestone REIT will post 1.04 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, December 4th will be paid a $0.095 dividend. The ex-dividend date is Monday, December 3rd. This represents a $1.14 annualized dividend and a yield of 8.32%. Whitestone REIT’s dividend payout ratio is currently 91.20%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Piedmont Investment Advisors LLC bought a new position in Whitestone REIT in the 2nd quarter worth about $115,000. Clear Harbor Asset Management LLC bought a new position in Whitestone REIT in the 2nd quarter worth about $149,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Whitestone REIT in the 2nd quarter worth about $176,000. Independent Advisor Alliance bought a new position in Whitestone REIT in the 2nd quarter worth about $185,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Whitestone REIT in the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 50.15% of the company’s stock.

About Whitestone REIT

Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provide daily necessities, needed services and entertainment to the communities in which they are located.

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Analyst Recommendations for Whitestone REIT (NYSE:WSR)

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