Whitestone REIT (NYSE:WSR) – Investment analysts at FBR & Co issued their Q2 2017 earnings per share (EPS) estimates for Whitestone REIT in a report released on Tuesday. FBR & Co analyst C. Kucera anticipates that the real estate investment trust will post earnings per share of $0.26 for the quarter. FBR & Co currently has a “Outperform” rating and a $14.00 target price on the stock. FBR & Co also issued estimates for Whitestone REIT’s Q3 2017 earnings at $0.29 EPS, Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $1.07 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.17 EPS.
Whitestone REIT (NYSE:WSR) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. The business had revenue of $28.27 million for the quarter, compared to the consensus estimate of $28.03 million. Whitestone REIT had a net margin of 5.59% and a return on equity of 2.11%. TRADEMARK VIOLATION NOTICE: “Equities Analysts Issue Forecasts for Whitestone REIT’s Q2 2017 Earnings (WSR)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/08/01/equities-analysts-issue-forecasts-for-whitestone-reits-q2-2017-earnings-wsr-updated-updated.html.
Several other equities research analysts also recently weighed in on WSR. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Whitestone REIT in a research note on Monday, May 22nd. Zacks Investment Research raised shares of Whitestone REIT from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. Maxim Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Whitestone REIT in a research note on Wednesday, June 14th. ValuEngine downgraded shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Robert W. Baird downgraded shares of Whitestone REIT from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $15.00 to $10.00 in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $14.25.
Whitestone REIT (WSR) opened at 12.57 on Thursday. The stock’s 50 day moving average is $12.04 and its 200-day moving average is $13.24. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $16.30. The company has a market capitalization of $478.36 million, a P/E ratio of 100.56 and a beta of 0.91.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Whitestone REIT by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 383,292 shares of the real estate investment trust’s stock valued at $5,512,000 after buying an additional 7,527 shares during the period. AQR Capital Management LLC boosted its position in Whitestone REIT by 1.5% in the fourth quarter. AQR Capital Management LLC now owns 117,997 shares of the real estate investment trust’s stock valued at $1,697,000 after buying an additional 1,721 shares during the period. Russell Investments Group Ltd. purchased a new position in Whitestone REIT during the fourth quarter valued at approximately $552,000. State Street Corp boosted its position in Whitestone REIT by 11.4% in the fourth quarter. State Street Corp now owns 452,236 shares of the real estate investment trust’s stock valued at $6,507,000 after buying an additional 46,319 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Whitestone REIT by 1.6% in the first quarter. Asset Management One Co. Ltd. now owns 65,760 shares of the real estate investment trust’s stock valued at $900,000 after buying an additional 1,054 shares during the period. Institutional investors own 35.40% of the company’s stock.
The company also recently declared a monthly dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, August 3rd will be issued a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 9.07%. The ex-dividend date is Tuesday, August 1st. Whitestone REIT’s dividend payout ratio (DPR) is presently 876.99%.
About Whitestone REIT
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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