Whitestone REIT (WSR) : Silver Capital Management added new position in Whitestone REIT during the most recent quarter end. The investment management firm now holds 32,800 shares of Whitestone REIT which is valued at $498,232 , the company said in a statement filed on Aug 3, 2016 with the SEC.Whitestone REIT makes up approximately 2.24% of Silver Capital Management’s portfolio.
Other Hedge Funds, Including , Baker Ellis Asset Management sold out all of its stake in WSR during the most recent quarter. The investment firm sold 51,700 shares of WSR which is valued $835,989.Hl Financial Services boosted its stake in WSR in the latest quarter, The investment management firm added 2,530 additional shares and now holds a total of 21,957 shares of Whitestone REIT which is valued at $347,360. Whitestone REIT makes up approx 0.01% of Hl Financial Services’s portfolio.Westwood Management Corp Il boosted its stake in WSR in the latest quarter, The investment management firm added 13,000 additional shares and now holds a total of 116,000 shares of Whitestone REIT which is valued at $1,843,240. Whitestone REIT makes up approx 0.33% of Westwood Management Corp Il’s portfolio. Simplex Trading added WSR to its portfolio by purchasing 197 company shares during the most recent quarter which is valued at $3,120.
Whitestone REIT closed down -0.05 points or -0.33% at $15.24 with 98,368 shares getting traded on Monday. Post opening the session at $15.31, the shares hit an intraday low of $15.19 and an intraday high of $15.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Whitestone REIT reported $0.32 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.32. The company had revenue of $25.13 million for the quarter, compared to analysts expectations of $26.02 million. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Whitestone REIT. Company shares were Reiterated by Maxim Group on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $18.50 .
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.