Wall Street analysts expect that Whitestone REIT (NYSE:WSR) will announce earnings of $0.30 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Whitestone REIT’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.29. Whitestone REIT reported earnings of $0.33 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.1%. The company is scheduled to issue its next earnings results on Wednesday, November 7th.

On average, analysts expect that Whitestone REIT will report full year earnings of $1.21 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $1.23. For the next financial year, analysts expect that the firm will report earnings of $1.21 per share, with EPS estimates ranging from $1.15 to $1.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Whitestone REIT.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). Whitestone REIT had a net margin of 7.19% and a return on equity of 2.73%. The company had revenue of $33.07 million during the quarter, compared to the consensus estimate of $33.21 million.

WSR has been the topic of a number of research reports. ValuEngine lowered shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Monday, June 11th. Boenning Scattergood initiated coverage on shares of Whitestone REIT in a research note on Thursday, July 12th. They issued a “buy” rating and a $13.50 price target on the stock. Finally, Zacks Investment Research raised shares of Whitestone REIT from a “sell” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.42.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Whitestone REIT in the second quarter valued at $70,760,000. Bank of New York Mellon Corp acquired a new position in shares of Whitestone REIT in the second quarter valued at $7,804,000. Dimensional Fund Advisors LP acquired a new position in shares of Whitestone REIT in the second quarter valued at $7,110,000. KBC Group NV acquired a new position in shares of Whitestone REIT in the second quarter valued at $2,562,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Whitestone REIT in the second quarter valued at $2,426,000. 50.20% of the stock is currently owned by institutional investors and hedge funds.

WSR traded down $0.18 during trading on Monday, reaching $13.47. The company had a trading volume of 202,208 shares, compared to its average volume of 199,750. 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 has a 12 month low of $10.06 and a 12 month high of $15.15. The firm has a market cap of $538.93 million, a P/E ratio of 10.78 and a beta of 1.00.

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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