Whitestone REIT (WSR) : Pvg Asset Management scooped up 59,386 additional shares in Whitestone REIT during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 490,536 shares of Whitestone REIT which is valued at $6.7 Million.Whitestone REIT makes up approximately 2.59% of Pvg Asset Management’s portfolio.
Other Hedge Funds, Including , First Allied Advisory Services boosted its stake in WSR in the latest quarter, The investment management firm added 5,253 additional shares and now holds a total of 40,849 shares of Whitestone REIT which is valued at $556,772. Whitestone REIT makes up approx 0.03% of First Allied Advisory Services’s portfolio.Blackrock Investment Management boosted its stake in WSR in the latest quarter, The investment management firm added 451 additional shares and now holds a total of 105,890 shares of Whitestone REIT which is valued at $1.4 Million.Baker Ellis Asset Management reduced its stake in WSR by selling 3,100 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 51,700 shares of WSR which is valued at $704,671. Whitestone REIT makes up approx 0.23% of Baker Ellis Asset Management’s portfolio. Numeric Investors added WSR to its portfolio by purchasing 26,194 company shares during the most recent quarter which is valued at $358,072.
Whitestone REIT opened for trading at $12.93 and hit $13.06 on the upside on Friday, eventually ending the session at $13.05, with a gain of 1.56% or 0.2 points. The heightened volatility saw the trading volume jump to 1,09,121 shares. Company has a market cap of $358 M.
On the company’s financial health, Whitestone REIT reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.32. The company had revenue of $25.40 million for the quarter, compared to analysts expectations of $25.64 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
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.