Equities research analysts expect Whitestone REIT (NYSE:WSR) to announce earnings of $0.30 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Whitestone REIT’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.31. Whitestone REIT posted earnings per share of $0.33 in the same quarter last year, which suggests a negative year over year growth rate of 9.1%. The company is scheduled to report its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Whitestone REIT will report full year earnings of $1.21 per share for the current year, with EPS estimates ranging from $1.19 to $1.23. For the next financial year, analysts expect that the company will report earnings of $1.21 per share, with EPS estimates ranging from $1.15 to $1.30. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Whitestone REIT.
Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). Whitestone REIT had a return on equity of 2.73% and a net margin of 7.19%. The firm had revenue of $33.07 million during the quarter, compared to the consensus estimate of $33.21 million.
A number of analysts have commented on WSR shares. ValuEngine downgraded Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Monday, June 11th. Boenning Scattergood started coverage on Whitestone REIT in a research report on Thursday, July 12th. They issued a “buy” rating and a $13.50 price objective for the company. Finally, Zacks Investment Research upgraded Whitestone REIT from a “sell” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.42.
Institutional investors and hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Whitestone REIT in the 2nd quarter worth approximately $115,000. Clear Harbor Asset Management LLC acquired a new position in shares of Whitestone REIT in the 2nd quarter worth approximately $149,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Whitestone REIT in the 2nd quarter worth approximately $176,000. Independent Advisor Alliance acquired a new position in shares of Whitestone REIT in the 2nd quarter worth approximately $185,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Whitestone REIT in the 2nd quarter worth approximately $207,000. 50.20% of the stock is owned by institutional investors and hedge funds.
Shares of WSR stock opened at $13.56 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.93. Whitestone REIT has a 12 month low of $10.06 and a 12 month high of $15.15. The company has a market capitalization of $539.33 million, a price-to-earnings ratio of 10.85 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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