Whitestone REIT’s (WSR) “Market Outperform” Rating Reiterated at JMP Securities

Whitestone REIT (NYSE:WSR)‘s stock had its “market outperform” rating reissued by JMP Securities in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $15.00 price target on the real estate investment trust’s stock. JMP Securities’ price target would indicate a potential upside of 15.30% from the company’s previous close.

Separately, Alliance Global Partners assumed coverage on shares of Whitestone REIT in a report on Monday, March 18th. They issued a “buy” rating and a $15.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.63.

Whitestone REIT Stock Performance

NYSE:WSR traded up $0.03 during trading hours on Friday, reaching $13.01. The stock had a trading volume of 24,955 shares, compared to its average volume of 334,326. The stock has a market cap of $649.98 million, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 2.08 and a beta of 1.24. The stock has a 50 day simple moving average of $12.56 and a 200 day simple moving average of $12.31. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.09 and a current ratio of 2.09. Whitestone REIT has a 12-month low of $9.07 and a 12-month high of $13.49.

Whitestone REIT (NYSE:WSR) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.06). Whitestone REIT had a net margin of 16.64% and a return on equity of 5.77%. The business had revenue of $37.16 million for the quarter, compared to analysts’ expectations of $38.00 million. During the same period last year, the company earned $0.24 earnings per share. On average, research analysts forecast that Whitestone REIT will post 1.03 EPS for the current fiscal year.

Whitestone REIT Company Profile

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities.