Whitestone REIT (NYSE:WSR) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.00.
Several equities research analysts have recently commented on WSR shares. Zacks Investment Research downgraded shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Sunday, September 8th. B. Riley set a $13.00 target price on shares of Whitestone REIT and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Maxim Group set a $15.00 target price on shares of Whitestone REIT and gave the company a “buy” rating in a research report on Monday, August 12th.
In related news, CEO James C. Mastandrea purchased 10,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $12.64 per share, with a total value of $126,400.00. Following the purchase, the chief executive officer now directly owns 1,027,250 shares in the company, valued at approximately $12,984,440. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.
Shares of WSR stock traded down $0.05 during mid-day trading on Friday, reaching $13.79. 228,851 shares of the stock traded hands, compared to its average volume of 285,897. The stock’s fifty day simple moving average is $12.58 and its two-hundred day simple moving average is $12.53. Whitestone REIT has a 1-year low of $11.50 and a 1-year high of $14.65. The company has a market cap of $561.11 million, a price-to-earnings ratio of 11.89 and a beta of 1.03. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.84.
Whitestone REIT (NYSE:WSR) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.17). The company had revenue of $29.58 million during the quarter, compared to analyst estimates of $30.16 million. Whitestone REIT had a return on equity of 6.19% and a net margin of 17.94%. On average, equities research analysts anticipate that Whitestone REIT will post 0.92 EPS for the current fiscal year.
Whitestone REIT Company Profile
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 provides daily necessities, needed services and entertainment to the communities in which they are located.
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