Hilliard Lyons Downgrades Whitestone REIT to Neutral

Brokerage firm Hilliard Lyons Downgrades its rating on Whitestone REIT(NYSE:WSR). The shares have been rated Neutral. Previously, the analysts had a Long-term Buy rating on the shares. The rating by Hilliard Lyons was issued on Jul 14, 2016.

Whitestone REIT (WSR) made into the market gainers list on Mondays trading session with the shares advancing 1.56% or 0.24 points. Due to strong positive momentum, the stock ended at $15.67, which is also near the day’s high of $15.675. The stock began the session at $15.48 and the volume stood at 1,60,151 shares. The 52-week high of the shares is $16.09 and the 52 week low is $9.44. The company has a current market capitalization of $429 M and it has 2,74,05,055 shares in outstanding.

Whitestone REIT(WSR) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $25.43M. Analysts had an estimated revenue of $25.57M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On Nov 13, 2015, Paul T Lambert (director) purchased 3,000 shares at $11.74 per share price.Also, On Aug 25, 2015, John J Dee (COO) purchased 1,000 shares at $10.84 per share price.On Aug 10, 2015, James C Mastandrea (CEO) purchased 2,000 shares at $12.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Whitestone REIT is a Real Estate Investment Trust (REIT). The Company is engaged in owning and operating commercial properties in diverse markets in metropolitan areas. As of December 31 2014 the Company owned a real estate portfolio of 63 properties containing approximately 5.5 million square feet of gross leasable area (GLA) located in Texas Arizona and Illinois. Its portfolio comprises 30 properties in Houston six properties in Dallas two properties in San Antonio 24 properties in the Scottsdale and Phoenix Arizona metropolitan areas and one property in Buffalo Grove Illinois a suburb of Chicago. Its tenants consist of national regional and local businesses. As of December 31 2014 it had approximately 1347 tenants. Its lease terms for its properties range from less than one year for smaller tenants to more than 15 years for larger tenants. Its primary business objective is to increase shareholder value by acquiring owning and operating Community Centered Properties.

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