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UPDATE: Hilliard Lyons Downgrades Whitestone REIT to Long-Term Buy Following Share Appreciation

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Whitestone REIT Receives Approval of Additional Entitlements at Village Square at Dana Park Community Centered Property
Whitestone REIT Receives Approval of Additional Entitlements at Its Village Square at Dana Park Community Centered Property; Expansion Planned

Hilliard Lyons downgraded Whitestone REIT (NYSE: WSR) from Buy to Long-term Buy and raised the price target from $15.00 to $16.50.

Hilliard Lyons analyst Carol L. Kemple noted, "Fourth quarter core FFO per share were $0.22 versus $0.25 in the year ago period. (Weighted average shares and units outstanding increased 39.3% from the year ago period.) Total property revenue increased 35.7%. We are lowering our 2013 core FFO per share estimate from $1.21 to $1.14. Our lowered estimate is based primarily on our lower rental rate assumptions."

Whitestone REIT closed at $15.01 on Wednesday.

Latest Ratings for WSR

DateFirmActionFromTo
Dec 2015SunTrust Robinson HumphreyInitiates Coverage onNeutral
May 2015WunderlichMaintainsBuy
Feb 2014JMP SecuritiesUpgradesMarket PerformMarket Outperform

View More Analyst Ratings for WSR
View the Latest Analyst Ratings

Posted-In: Hilliard LyonsAnalyst Color Downgrades Analyst Ratings

 

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