The stock of Whitestone REIT (NYSE:WSR) is a huge mover today! The stock decreased 1.81% or $0.24 on October 5, hitting $13. Whitestone REIT (NYSE:WSR) has risen 14.92% since March 2, 2016 and is uptrending. It has outperformed by 6.66% the S&P500.
The move comes after 7 months negative chart setup for the $371.91 million company. It was reported on Oct, 6 by Barchart.com. We have $11.57 PT which if reached, will make NYSE:WSR worth $40.91 million less.
Analysts await Whitestone REIT (NYSE:WSR) to report earnings on November, 2. They expect $0.27 EPS, down 20.59% or $0.07 from last year’s $0.34 per share. WSR’s profit will be $7.72 million for 12.04 P/E if the $0.27 EPS becomes a reality. After $0.32 actual EPS reported by Whitestone REIT for the previous quarter, Wall Street now forecasts -15.63% negative EPS growth.
Whitestone REIT (NYSE:WSR) Ratings Coverage
Out of 4 analysts covering Whitestone REIT (NYSE:WSR), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Whitestone REIT has been the topic of 5 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Whitestone REIT (NYSE:WSR) earned “Outperform” rating by Robert W. Baird on Thursday, July 23. The rating was downgraded by Robert W. Baird on Friday, August 19 to “Neutral”. The stock of Whitestone REIT (NYSE:WSR) earned “Neutral” rating by Hilliard Lyons on Thursday, July 14. The stock of Whitestone REIT (NYSE:WSR) has “Neutral” rating given on Monday, December 14 by SunTrust. Maxim Group maintained the shares of WSR in a report on Friday, July 29 with “Buy” rating.
According to Zacks Investment Research, “Whitestone REIT is a fully integrated real estate investment trust that acquires, owns, manages, develops and redevelops high quality internet-resistant neighborhood, community and lifestyle retail centers. Whitestone’s properties are principally located in Austin, Dallas-Fort Worth, Houston, San Antonio and Phoenix, which are among the fastest-growing markets in the country with highly educated workforces, high household incomes and strong job growth. The Company’s strategy is to target shifting consumer behavior and purchasing patterns by creating a complementary mix of grocery, dining, health and wellness, education, services, entertainment and specialty retail in its properties. Whitestone’s national, regional and local tenants provide daily necessities, needed services and convenience to the community which are not readily available online. Whitestone is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to 2.33 in Q2 2016. Its up 1.15, from 1.18 in 2016Q1. The ratio is positive, as 7 funds sold all Whitestone REIT shares owned while 20 reduced positions. 26 funds bought stakes while 37 increased positions. They now own 12.14 million shares or 8.92% more from 11.14 million shares in 2016Q1.
Springbok Capital Mngmt Lc holds 0% of its portfolio in Whitestone REIT (NYSE:WSR) for 300 shares. Moreover, Aqr Cap Mgmt Limited Liability has 0% invested in Whitestone REIT (NYSE:WSR) for 18,413 shares. Ent Financial accumulated 0% or 159 shares. Teachers Advsr reported 41,024 shares or 0% of all its holdings. Raymond James holds 0.01% of its portfolio in Whitestone REIT (NYSE:WSR) for 73,537 shares. National Bank & Trust Of America De last reported 0% of its portfolio in the stock. Financial Bank Of Montreal Can holds 0% or 11,057 shares in its portfolio. Hillsdale Inv has 0.04% invested in the company for 8,400 shares. Blackrock Fund Advsr accumulated 0% or 681,767 shares. Menta Cap has invested 0.35% of its portfolio in Whitestone REIT (NYSE:WSR). Susquehanna Gp Llp accumulated 0% or 21,609 shares. Blackrock Limited Com holds 0% or 112,836 shares in its portfolio. Commonwealth Equity Svcs accumulated 0.01% or 40,164 shares. Rhumbline Advisers owns 35,850 shares or 0% of their US portfolio. First Trust Advisors L P reported 10,850 shares or 0% of all its holdings.
Insider Transactions: Since August 19, 2016, the stock had 3 buys, and 0 sales for $67,847 net activity. Mastandrea Christine J bought $29,120 worth of Whitestone REIT (NYSE:WSR) on Friday, August 19. 660 Whitestone REIT (NYSE:WSR) shares with value of $9,607 were bought by Holeman David K. On Friday, August 19 the insider MASTANDREA JAMES C bought $29,120.
More notable recent Whitestone REIT (NYSE:WSR) news were published by: Chron.com which released: “Whitestone REIT puts 2 Arizona shopping centers in its retail basket” on October 03, 2016, also Reuters.com with their article: “BRIEF-Whitestone REIT acquires two properties with operating partnership u…” published on October 03, 2016, Chron.com published: “Whitestone REIT sets dividend” on September 22, 2016. More interesting news about Whitestone REIT (NYSE:WSR) were released by: Globenewswire.com and their article: “Whitestone REIT Welcomes Dennis Younes as Director of Leasing – Houston” published on August 23, 2016 as well as Chron.com‘s news article titled: “Whitestone REIT sells another nonretail property” with publication date: March 07, 2016.
WSR Company Profile
Whitestone REIT, incorporated on December 31, 2003, is a real estate investment trust. The Firm owns, manages and redevelops retail properties, which are referred to as Community Centered Properties. As of June 30, 2016, the Company owned and operated 69 commercial properties consisting of 47 retail properties containing approximately 4.1 million square feet of gross leasable area; four office properties containing approximately 0.5 million square feet of gross leasable area, and 10 office/flex properties containing approximately 1.1 million square feet of gross leasable area. As of June 30, 2016, its redevelopment portfolio included two retail properties containing approximately 0.1 million square feet of gross leasable area and six parcels of land held for future development.
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