Whitestone REIT (WSR) Expected to Announce Earnings of $0.30 Per Share

Share on StockTwits

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.

Further Reading: NASDAQ Stock Market Explained

Get a free copy of the Zacks research report on Whitestone REIT (WSR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Whitestone REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitestone REIT and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Clovis Oncology  Reaches New 12-Month Low at $20.76
Clovis Oncology Reaches New 12-Month Low at $20.76
FuelCell Energy  Hits New 52-Week Low at $0.86
FuelCell Energy Hits New 52-Week Low at $0.86
Cadence Design Systems  Updates FY 2018 Earnings Guidance
Cadence Design Systems Updates FY 2018 Earnings Guidance
FMC Corp  Receives Consensus Recommendation of “Buy” from Brokerages
FMC Corp Receives Consensus Recommendation of “Buy” from Brokerages
SPS Commerce, Inc.  Given Average Recommendation of “Buy” by Analysts
SPS Commerce, Inc. Given Average Recommendation of “Buy” by Analysts
Metadium Trading Down 14.2% Over Last Week
Metadium Trading Down 14.2% Over Last Week


Leave a Reply

 
© 2006-2018 Zolmax.