Whitestone REIT (NYSE:WSR) CEO James Mastandrea acquired 1,000 shares of the company’s stock on the open market in a transaction that occured on Friday, August 16th. The shares were purchased at an average cost of $14.98 per share, with a total value of $14,980.00. Following the transaction, the chief executive officer now directly owns 111,023 shares of the company’s stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Wunderlich raised their price target on shares of Whitestone REIT from $18.00 to $19.50 in a research note to investors on Thursday, May 23rd. They now have a “buy” rating on the stock.
Whitestone REIT (NYSE:WSR) opened at 14.50 on Wednesday. Whitestone REIT has a 52-week low of $12.07 and a 52-week high of $17.85. The stock has a 50-day moving average of $16.08 and a 200-day moving average of $15.84. The company has a market cap of $249.3 million and a P/E ratio of 345.24.
Whitestone REIT (NYSE:WSR) last released its earnings data on Monday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.01. The company had revenue of $14.80 million for the quarter, compared to the consensus estimate of $15.11 million. Analysts expect that Whitestone REIT will post $1.03 EPS for the current fiscal year.
Whitestone REIT is a real estate investment trust (NYSE:WSR) engaged in owning and operating commercial properties in culturally diverse markets in the metropolitan areas.
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