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UPDATE: Hilliard Lyons Downgrades Whitestone REIT to Neutral Due to Price Appreciation

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Whitestone REIT Offers Five-Year Progress Update: Sales Up 174%, Core FFO Up 332%
1 Analyst Weighs In On High-Yield Whitestone REIT

In a report published Wednesday, Hilliard Lyons analyst Carol L. Kemple downgraded the rating on Whitestone REIT (NYSE: WSR) from Long-Term Buy to Neutral.

In the report, Kemple noted, “First quarter Core FFO per share were $0.24, flat with the year ago period. Our FFO per share estimate was $0.28. Weighted average shares and units outstanding rose 39.3% from the year ago period. Total property revenue increased 33.0%. WSR completed one acquisition in the quarter. Headquarters Village was purchased for $25.7 million. The 89,134 square foot center was 100% occupied at quarter end. The acquisition pipeline remains very active for Whitestone. Currently, WSR has a property under contract for $21 million. There are in excess of $500 million of acquisitions in the pipeline.”

Whitestone REIT closed on Tuesday at $16.88.

Latest Ratings for WSR

DateFirmActionFromTo
May 2015WunderlichMaintainsBuy
Feb 2014JMP SecuritiesUpgradesMarket PerformMarket Outperform
Oct 2013WunderlichMaintainsBuy

View More Analyst Ratings for WSR
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Posted-In: Hilliard LyonsAnalyst Color Downgrades Analyst Ratings

 

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