Ladenburg Thalmann Financial Services Reiterates “Hold” Rating for Whitestone REIT (WSR)
Whitestone REIT (NYSE:WSR)‘s stock had its “hold” rating reiterated by equities researchers at Ladenburg Thalmann Financial Services in a research report issued to clients and investors on Thursday.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. ValuEngine raised Whitestone REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.67.
Whitestone REIT (NYSE WSR) traded up $0.06 during midday trading on Thursday, hitting $14.91. The stock had a trading volume of 255,500 shares, compared to its average volume of 407,303. The company has a market cap of $571.53, a P/E ratio of 11.42 and a beta of 0.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.87. Whitestone REIT has a 52-week low of $10.80 and a 52-week high of $14.98.
Whitestone REIT (NYSE:WSR) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The firm had revenue of $33.70 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. research analysts expect that Whitestone REIT will post 1.02 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Perigon Wealth Management LLC bought a new position in Whitestone REIT in the 2nd quarter valued at $101,000. First Trust Advisors LP bought a new position in Whitestone REIT in the 3rd quarter valued at $131,000. First Allied Advisory Services Inc. purchased a new stake in shares of Whitestone REIT in the 2nd quarter worth $168,000. Advisor Group Inc. lifted its holdings in shares of Whitestone REIT by 147.4% in the 2nd quarter. Advisor Group Inc. now owns 14,840 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 8,841 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Whitestone REIT in the 3rd quarter worth $189,000. 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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