Short Interest To Observe: Will Whitestone Reit (NYSE:WSR) Run Out of Steam Soon? Short Interest is Up

November 21, 2016 - By Ellis Scott   ·   0 Comments

Short Interest To Observe: Will Whitestone Reit (NYSE:WSR) Run Out of Steam Soon? Short Interest is Up

The stock of Whitestone Reit (NYSE:WSR) registered an increase of 1.13% in short interest. WSR’s total short interest was 932,100 shares in November as published by FINRA. Its up 1.13% from 921,700 shares, reported previously. With 192,000 shares average volume, it will take short sellers 5 days to cover their WSR’s short positions. The short interest to Whitestone Reit’s float is 3.4%. About 51,901 shares traded hands. Whitestone REIT (NYSE:WSR) has risen 1.91% since April 19, 2016 and is uptrending. It has underperformed by 1.95% the S&P500.

Whitestone REIT is a real estate investment trust. The company has a market cap of $398.20 million. The Firm owns, manages and redevelops retail properties, which are referred to as Community Centered Properties. It has a 42.6 P/E ratio. As of June 30, 2016, the Company owned and operated 69 commercial properties consisting of 47 retail properties containing approximately 4.1 million square feet of gross leasable area; four office properties containing approximately 0.5 million square feet of gross leasable area, and 10 office/flex properties containing approximately 1.1 million square feet of gross leasable area.

Insitutional Activity: The institutional sentiment decreased to 1.25 in Q2 2016. Its down 1.08, from 2.33 in 2016Q1. The ratio turned negative, as 7 funds sold all Whitestone REIT shares owned while 20 reduced positions. 26 funds bought stakes while 37 increased positions. They now own 12.14 million shares or 8.92% more from 11.14 million shares in 2016Q1.
Diam Communications owns 63,189 shares or 0.01% of their US portfolio. Daiwa Grp Inc, a Japan-based fund reported 1,000 shares. Rhumbline Advisers holds 35,850 shares or 0% of its portfolio. Blackrock Japan Com Limited, a Japan-based fund reported 1,463 shares. Citigroup holds 0% of its portfolio in Whitestone REIT (NYSE:WSR) for 4,645 shares. Aqr Lc reported 18,413 shares or 0% of all its holdings. Raymond James Fincl Svcs Advisors has invested 0.01% of its portfolio in Whitestone REIT (NYSE:WSR). Manufacturers Life The accumulated 21,283 shares or 0% of the stock. Strs Ohio accumulated 49,898 shares or 0% of the stock. Commonwealth Equity Serv owns 40,164 shares or 0.01% of their US portfolio. Axa, a France-based fund reported 63,938 shares. Moreover, Wedge Cap Management L Ltd Partnership Nc has 0.08% invested in Whitestone REIT (NYSE:WSR) for 176,498 shares. Calvert Invest Mngmt has invested 0.1% of its portfolio in Whitestone REIT (NYSE:WSR). Deutsche Bankshares Ag accumulated 66,342 shares or 0% of the stock. Millennium Mgmt Ltd last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since August 19, 2016, the stock had 3 insider purchases, and 0 selling transactions for $67,847 net activity. Holeman David K had bought 660 shares worth $9,607. Mastandrea Christine J had bought 2,000 shares worth $29,120. MASTANDREA JAMES C had bought 2,000 shares worth $29,120 on Friday, August 19.

Whitestone REIT (NYSE:WSR) Ratings Coverage

Out of 4 analysts covering Whitestone REIT (NYSE:WSR), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Whitestone REIT has been the topic of 5 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Maxim Group given on Friday, July 29. The stock of Whitestone REIT (NYSE:WSR) earned “Neutral” rating by SunTrust on Monday, December 14. The company was initiated on Thursday, July 23 by Robert W. Baird. Hilliard Lyons downgraded the shares of WSR in a report on Thursday, July 14 to “Neutral” rating. The company was downgraded on Friday, August 19 by Robert W. Baird.

WSR Company Profile

Whitestone REIT, incorporated on December 31, 2003, is a real estate investment trust. The Firm owns, manages and redevelops retail properties, which are referred to as Community Centered Properties. As of June 30, 2016, the Company owned and operated 69 commercial properties consisting of 47 retail properties containing approximately 4.1 million square feet of gross leasable area; four office properties containing approximately 0.5 million square feet of gross leasable area, and 10 office/flex properties containing approximately 1.1 million square feet of gross leasable area. As of June 30, 2016, its redevelopment portfolio included two retail properties containing approximately 0.1 million square feet of gross leasable area and six parcels of land held for future development.

More notable recent Whitestone REIT (NYSE:WSR) news were published by: Globenewswire.com which released: “Whitestone REIT Will Hold an Investor Open House During REITWorld® at Market …” on November 11, 2016, also Chron.com with their article: “Whitestone REIT sells another nonretail property” published on March 07, 2016, Chron.com published: “Whitestone REIT puts 2 Arizona shopping centers in its retail basket” on October 03, 2016. More interesting news about Whitestone REIT (NYSE:WSR) were released by: Globenewswire.com and their article: “Whitestone REIT Welcomes Dennis Younes as Director of Leasing – Houston” published on August 23, 2016 as well as Seekingalpha.com‘s news article titled: “Whitestone REIT’s (WSR) CEO Jim Mastandrea on Q2 2016 Results – Earnings Call …” with publication date: November 01, 2016.

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By Ellis Scott


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