Economy

Quarterly Financial Update for Whitestone REIT (NYSE:WSR)

The stock's average target of $17.50 is 29.63% above today's ($13.5) share price.

This company shares (WSR) so far managed to recover 25% since collapsing to its 52-week low. Its minimum price target estimates has been figured out at $10 while the maximum price target forecast is established at $20. The stock was trading at a distance of -4.32% from its 52-week highs and stands 31.88% away from its 52-week lows. Ladenburg Thalmann Financial Services reiterated a "hold" rating on shares of Whitestone REIT in a research note on Monday, May 22nd. Finally, Lakeview Capital Partners LLC purchased a new position in Whitestone REIT during the second quarter valued at about $170,000. The stock was bought at an average cost of $12.29 per share, for a total transaction of $36,870.00. With an institutional ownership near 98.8%, it carries an earnings per share ratio of 0.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. However, the institutional investors are observed to own 89.40% of the total shares. Capital Investment Advisors LLC grew its position in Whitestone REIT by 8.8% during the second quarter. The value of the investment in WSR decreased from $7,328,000 to $6,793,000 a change of 7.3% for the reporting period. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. A 1 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of CRMD or, if they already own its stock, sell it.

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Whitestone REIT (WSR) saw 10.77 million in free cash flow last quarter, representing a quarterly net change in cash of 4.4 million.

Whitestone REIT (WSR) opened at 13.29 on Wednesday.

The company now has a P/E ratio of 93.75 and the market cap of the company is 520.06M. Analysts are turning out to be more optimistic than before, with 3 of analysts who cover Whitestone REIT (NYSE:WSR) advice adding it to buy candidate list. In the latest earnings report the EPS was $0.14 and is projected to be $0.28 for the current year with 38,523,000 shares outstanding. The ratio is better, as 68 investment managers increased and started new stock positions, while 24 trimmed and sold stakes in Whitestone REIT. EPS ratio determined by looking at last 12 month figures is 0.14. It had closed the previous session at $0.43.

The company has mean EPS estimate of 0.09 reported by 4 number of analyst for the quarter ending Current Qtr.(Sep2017).

The business also recently announced a monthly dividend, which will be paid on Friday, February 10th. The ex-dividend date has been established as Thursday the 31st of August 2017. The dividend payment will be $0.285 per share for the quarter which is $1.14 annualized. This dividend amount will represent a yeild of $8.92.

Whitestone REIT is a real estate investment trust.

The company is trading up by 1.25% percent from yesterday's close.



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