Whitestone REIT (NYSE:WSR) Stock

Whitestone REIT

Whitestone REIT is a real estate investment trust (REIT) engaged in owning and operating commercial properties in culturally diverse markets in metropolitan areas. Its property portfolio includes retail and office/flex properties. The company's properties are located in business-friendly locations in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix, and San Antonio. The organization derives revenue in the form of rental revenues.


Whitestone REIT (NYSE:WSR) is a real estate investment trust (REIT) with a unique community-centered approach. REITs offer investors a streamlined way to participate in the real estate market without the burdens of

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Disclosed in the latest SEC filing, a significant insider purchase on December 27, involves Julia B. Buthman, Director at Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>).
What Happened: In a Form 4 filing on Friday with the <a href="https://www.sec.gov/Archives/edgar/data/0001175535/000143774924038414//Archives/edgar/data/1175535/000143774924038414/0001437749-24-038414-index.htm">U.S. Securities and Exchange Commission</a>, it was disclosed that Buthman bought 10,824 shares of Whitestone REIT, amounting to a total of $153,159.
Whitestone REIT's shares are actively trading at $14.2, experiencing a down of 0.0% during Friday's morning session.
<h3>Discovering Whitestone REIT: A Closer Look</h3>
Whitestone REIT is a real estate investment trust (REIT) engaged in owning and operating commercial properties in culturally diverse markets in metropolitan areas. Its property portfolio includes retail and office/flex properties. The company's properties are located in business-friendly locations in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix, and San Antonio. The organization derives revenue in the form of rental revenues.
<h3>Whitestone REIT: Delving into Financials</h3>
Revenue Growth: Whitestone REIT's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 3.88%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 68.85%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Whitestone REIT's EPS reflects a decline, falling below the industry average with a current EPS of 0.15.
</li>
</ul>
Debt Management: Whitestone REIT's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.51.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 34.63 is lower than the industry average, implying a discounted valuation for Whitestone REIT's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 4.8 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 14.9, Whitestone REIT's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001175535">Check Out The Full List Of Whitestone REIT's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Move: Julia B. Buthman Invests $153K In Whitestone REIT Stock

A significant insider buy by Amy S. Feng, Director at Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>), was executed on December 27, and reported in the recent SEC filing.
What Happened: In a Form 4 filing on Friday with the <a href="https://www.sec.gov/Archives/edgar/data/0001175535/000143774924038416//Archives/edgar/data/1175535/000143774924038416/0001437749-24-038416-index.htm">U.S. Securities and Exchange Commission</a>, it was disclosed that Feng bought 12,784 shares of Whitestone REIT, amounting to a total of $180,893.
The latest update on Friday morning shows Whitestone REIT shares down by 0.0%, trading at $14.2.
<h3>Unveiling the Story Behind Whitestone REIT</h3>
Whitestone REIT is a real estate investment trust (REIT) engaged in owning and operating commercial properties in culturally diverse markets in metropolitan areas. Its property portfolio includes retail and office/flex properties. The company's properties are located in business-friendly locations in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix, and San Antonio. The organization derives revenue in the form of rental revenues.
<h3>Financial Insights: Whitestone REIT</h3>
Revenue Growth: Whitestone REIT displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 3.88%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 68.85%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Whitestone REIT's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.15.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.51.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 34.63 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 4.8, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 14.9, Whitestone REIT presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>The Relevance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001175535">Check Out The Full List Of Whitestone REIT's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Amy S. Feng Boosts Confidence With $180K Purchase Of Whitestone REIT Stock

It was revealed in a recent SEC filing that Jeffrey Alan Jones, Director at Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) made a noteworthy insider purchase on December 27,.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001175535/000143774924038418//Archives/edgar/data/1175535/000143774924038418/0001437749-24-038418-index.htm">U.S. Securities and Exchange Commission</a> on Friday showed that Jones purchased 5,831 shares of Whitestone REIT. The total transaction amounted to $82,508. 
Whitestone REIT's shares are actively trading at $14.2, experiencing a down of 0.0% during Friday's morning session.
<h3>About Whitestone REIT</h3>
Whitestone REIT is a real estate investment trust (REIT) engaged in owning and operating commercial properties in culturally diverse markets in metropolitan areas. Its property portfolio includes retail and office/flex properties. The company's properties are located in business-friendly locations in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix, and San Antonio. The organization derives revenue in the form of rental revenues.
<h3>Unraveling the Financial Story of Whitestone REIT</h3>
Revenue Growth: Over the 3 months period, Whitestone REIT showcased positive performance, achieving a revenue growth rate of 3.88% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 68.85%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Whitestone REIT's EPS is below the industry average. The company faced challenges with a current EPS of 0.15. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Whitestone REIT's debt-to-equity ratio is below the industry average. With a ratio of 1.51, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 34.63 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 4.8 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 14.9 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001175535">Check Out The Full List Of Whitestone REIT's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Jeffrey Alan Jones Takes a Bullish Stance: Acquires $82K In Whitestone REIT Stock

JMP Securities analyst Mitch Germain reiterates Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) with a Market Outperform and maintains $16 price target.

Price Target

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Outperform on Whitestone REIT, Maintains $16 Price Target

Dividends

Whitestone REIT Raises Quarterly Dividend From $0.12375 To $0.135

Truist Securities analyst Anthony Hau maintains Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) with a Buy and raises the price target from $15 to $16.

Truist Securities Maintains Buy on Whitestone REIT, Raises Price Target to $16

Dear Whitestone REIT Board of Trustees:
MCB Real Estate ("MCB" or "we") delivered an attractive, fully-financed proposal to the Whitestone Board to acquire Whitestone for $15 per share in an all-cash transaction. Our proposal would maximize value to Whitestone's shareholders, delivering immediate and certain value in the form of a 14.5% premium to Whitestone's share price prior to our initial proposal on June 3, 2024, and a 61.8% premium to Whitestone's unaffected share price prior to the rumored Fortress proposal on October 26, 2023. We have made repeated efforts to engage with the Whitestone Board over the last several months, but each of those attempts has been summarily rebuffed. The Board's refusal to grant due diligence, engage in any meaningful discussions, or commence a strategic alternatives process is not consistent with its duties and indicates a boardroom culture of entrenchment.
While we continue to believe our proposal is the best path forward for shareholders, our attempts to engage have been rebuffed at every turn, so we are withdrawing our proposal to acquire Whitestone at this time.
This is not a decision taken lightly. We are disappointed and disturbed at the Board's intransigence, entrenchment and apparent self-interest. The Company's recent public comments make it painfully clear that the Board is not open-minded or even willing to give real consideration to opportunities to advance shareholders' best interests.
Just a few weeks ago, Whitestone defended its entrenched position with unsupported and unrealistic claims of Whitestone's greater hypothetical "intrinsic value." Notably, however, that value was not actually provided, proven or even explained. Whitestone also attempted to rationalize the Board's refusal to consider alternatives by relying on a period of stock price outperformance that was driven by multiple acquisition rumors and proposals, including ours, that inflated Whitestone's share price.
When pressed on whether the Board is open to opportunities to enhance value on Whitestone's third quarter 2024 earnings call, Whitestone CEO David Holeman falsely asserted that the Board is actively looking at strategic options. Further, he seemingly didn't even understand what such a process to maximize value would actually entail. When asked, he said:
"I would tell you that our board reviews the best things for shareholders all the time. So we are actively looking at what are the best ways to add value, what are the best ways to produce a return to our shareholders. So I think we are actively doing that just like we should, and so I'm not sure I'm clear with your question."
Given the Board's refusal to engage with us regarding our proposal or conduct a process to explore whether other parties may have an interest in transacting with Whitestone, Mr. Holeman's comments are at best a naïve sidestep to the question, and at worst a downright lie to shareholders.
We have heard from a number of other shareholders that they are supportive of a potential transaction and share our frustration with the Whitestone Board. We believe some of these shareholders have reached out to Whitestone directly to demand answers. Unfortunately, it appears that the Whitestone Board has ignored these concerns and refused to engage with them, just as it has consistently refused to engage with MCB.
As Whitestone's largest actively managed shareholder, with ownership of 4,690,000 shares representing 9.4% of Whitestone's common shares, we note the addition of Kristian M. Gathright and Donald A. Miller to the Whitestone Board. Ms. Gathright and Mr. Miller are two new and well-regarded independent trustees whom we hope will bring fresh perspective to the Board and ensure that the Whitestone Board acts in accordance with its fiduciary duties, including taking appropriate steps to maximize value for Whitestone shareholders.
The reputations and careers of these professionals, as well as the rest of the Board, are on the line, and we call on them to act in shareholders' best interests. We believe the inherent disadvantages of Whitestone as a standalone company, and the upside for shareholders from a well-run strategic review process, are obvious.
As we have said from the onset of this process, our interests are aligned with other Whitestone shareholders. Whitestone shareholders deserve a board that is committed to considering all opportunities to maximize value. If the Whitestone Board continues its pattern of delay and entrenchment, MCB believes the entire Board should be removed at the next annual meeting of shareholders.
While we are withdrawing our proposal at this time, we remain a significant shareholder of the company and will continue to consider all options available to MCB and other Whitestone shareholders to ensure that the Board upholds its responsibilities.
Sincerely,
/s/ P. David Bramble
P. David Bramble, Managing Partner

MCB Withdraws $15/Share Whitestone REIT Acquisition Proposal, Criticizes Board Entrenchment; Calls For Strategic Review To Maximize Shareholder Value

The Whitestone board has summarily rejected and refused to engage regarding MCB's improved $15.00 per share all-cash proposal, which would deliver a 14.5% premium to shareholders. &nbsp;

MCB Real Estate Urges Whitestone To Maximize Shareholder Value

Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) affirms FY2024 FFO guidance from $0.98-1.04 to $0.98-1.04 vs $1.01 analyst estimate..

Guidance

Whitestone REIT Affirms FY2024 FFO Guidance from $0.98-1.04 to $0.98-1.04 vs $1.01 Est

Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.26 by 3.85 percent. The company reported quarterly sales of $38.633 million which beat the analyst consensus estimate of $38.287 million by 0.90 percent. This is a 4.04 percent increase over sales of $37.134 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Whitestone REIT Q3 2024 FFO $0.25 Misses $0.26 Estimate, Sales $38.633M Beat $38.287M Estimate

Dear Mr. Bramble,
The Whitestone Board of Trustees has reviewed your October 9, 2024, indication of interest. The Board's review considered the $15 per share indication of interest against numerous data points, including, but not limited to, sell side Net Asset Value, Net Asset Value utilizing peer capitalization rate indications, sell side estimates and price targets and a Discounted Cash Flow valuation utilizing the company's internal 5-year forecast. While your indication of interest is premised on public market valuation, the Board views NAV and DCF as critical to determining the intrinsic value of Whitestone REIT. Your valuation falls short on both marks. The Whitestone Board of Trustees has unanimously determined to reject your indication of interest and does not believe it reflects an appropriate valuation to enter into discussions toward a negotiated transaction.
The Whitestone Board also considered the following in rejecting your indication of interest:
<ul>
<li>The Whitestone REIT Board of Trustees believes the indication of interest is opportunistically timed to take advantage of Whitestone's performance while the company is still gaining momentum under the new management team. Given the all cash indication of interest, Whitestone believes that a transaction at this valuation would deprive all other Whitestone shareholders of the opportunity to maximize the value of their investment while transferring additional value directly to MCB. &nbsp;</li>
<li>Whitestone REIT is well-positioned for growth. As our financial results disclosed today demonstrate, Whitestone is making great progress against its strategic objectives and gaining momentum while driving shareholder value. Key highlights include: 
<ul>
<li>Reiteration of 2024's Core FFO per share estimate of $0.98 to $1.04, targeting 11% growth in 2024 versus 2023 (at the midpoint) &nbsp;</li>
<li>An increased Same Store NOI growth target of 3.75% – 4.75%, after delivering year-to-date Same Store NOI growth of 4.9%</li>
<li>Q3 2024 Debt / EBITDAre ratio of 7.2x, a 0.6x improvement versus one year ago</li>
<li>Accretive asset recycling with disposition cap rates over 100 basis points below acquisition cap rates while simultaneously positioning Whitestone for future growth</li>
</ul>
</li>
<li>Whitestone's strong performance has driven total shareholder returns of over 60% since the current management team took over on January 18, 2022. &nbsp;</li>
</ul>
<img src="https://ml.globenewswire.com/Resource/Download/60363def-9013-4ae3-8f6d-5da763e12eea/stock-chart-10-30-24.png" alt="Whitestone REIT Total Return Versus Peers" /> &nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Source: S&amp;P Capital IQ (Oct 25, 2024 Closing Price)
The Whitestone Board of Trustees continues to consider MCB an important shareholder and remains committed to acting in the best interests of all shareholders to maximize shareholder value.&nbsp; &nbsp;
Sincerely,
Whitestone Board of Trustees:
David T. Taylor&nbsp; Nandita V. Berry&nbsp; Julia B. Buthman&nbsp; Amy S. Feng&nbsp; David K. Holeman&nbsp; Jeffrey A. Jones
&nbsp;

Whitestone REIT Responds To MCB Indication Of Interest; Determined To Reject Indication Of Interest

WIIM

Whitestone REIT shares are trading higher after MCB Real Estate increased its acquisition offer to buy the company to $15.00 per share in cash. The offer has been sent to the board for review.

Launches Website <a href="http://www.MaximizingWhitestoneValue.com" title="www.MaximizingWhitestoneValue.com">www.MaximizingWhitestoneValue.com</a> For Additional Information

MCB Real Estate Increases Offer To Acquire Whitestone REIT To $15.00 Per Share In Cash; Sends Letter To Whitestone Board Highlighting Certainty Of All-Cash Proposal And Seeks Engagement

JMP Securities analyst Mitch Germain reiterates Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) with a Market Outperform and maintains $15 price target.

JMP Securities Reiterates Market Outperform on Whitestone REIT, Maintains $15 Price Target

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 150 points on Monday.
Shares of Methanex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEOH#NASDAQ">MEOH</a>) fell sharply in today's <a href="https://www.benzinga.com/markets/equities/24/09/40769930/methanex-to-buy-ocis-international-methanol-business-for-2-05b-details">pre-market trading.</a>
Methanex disclosed that it has entered into a definitive agreement to acquire OCI Global‘s international methanol business for $2.05 billion.
Methanex shares tumbled 6.3% to $39.79 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>C4 Therapeutics, Inc.. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCC#NASDAQ">CCCC</a>) shares dipped 17% to $4.48 in pre-market trading. C4 Therapeutics will reveal preliminary CFT1946 monotherapy Phase 1 clinical data at ESMO Congress 2024.</li>
<li>Lotus Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) shares fell 5.4% to $4.90 in pre-market trading after gaining around 6% on Friday.</li>
<li>Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) fell 4.8% to $112.23 in pre-market trading. Daiichi Sankyo and Merck&#8217;s Ifinatamab Deruxtecan showed response rates in extensive-stage small cell lung cancer in Phase 2 IDeate-Lung01 trial.</li>
<li>Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) shares declined 3.2% to $5.50 in pre-market trading. Adient will replace Mercer International in the S&amp;P SmallCap 600.</li>
<li>Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) shares fell 3.1% to $12.68 in pre-market trading.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) fell 2.3% to $13.97 in pre-market trading after gaining over 4% on Friday.</li>
<li>Emergent BioSolutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) shares slipped 2.3% to $7.34 in pre-market trading.</li>
</ul>
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Methanex, Merck And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Truist Securities analyst Anthony Hau maintains Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) with a Buy and raises the price target from $14 to $15.

Truist Securities Maintains Buy on Whitestone REIT, Raises Price Target to $15

Whitestone REIT Sees Q2 Core FFO $0.98-$1.04

Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.24 by 8.33 percent. The company reported quarterly sales of $37.647 million which missed the analyst consensus estimate of $37.657 million by 0.03 percent. This is a 3.26 percent increase over sales of $36.460 million the same period last year.

Whitestone REIT Q2 2024 FFO $0.22 Misses $0.24 Estimate, Sales $37.647M Miss $37.657M Estimate

As of May 31, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">AMREP Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXR#NYSE">AXR</a>)</h3>
<ul>
<li>On March 8, AMREP reported earnings of 2 cents per share for its 2024 fiscal third quarter, versus year-ago earnings of $3.12 per share. The company's stock gained around 6% over the past five days and has a <a href="https://www.benzinga.com/quote/AXR">52-week high of $24.36</a>.</li>
<li>RSI Value: 72.82&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>AXR Price Action: Shares of AMREP rose 3.4% to close at $21.20 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Apartment Income REIT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIRC#NYSE">AIRC</a>)</h3>
<ul>
<li>On April 8, Apartment Income REIT announced it will be taken private by Blackstone for roughly $10 billion. Blackstone Real Estate Partners X entered into a definitive agreement to acquire AIR Communities in an all-cash transaction valued at about $10 billion, including the assumption of debt. The company's stock <a href="https://www.benzinga.com/quote/AIRC">has a 52-week high</a> of $38.84.</li>
<li>RSI Value: 72.45</li>
<li>AIRC Price Action: Shares of Apartment Income REIT fell 0.03% to close at $38.70 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>)</h3>
<ul>
<li>On May 13, Logistic Properties Of The Americas named Annette Fernandez as COO and Paul Smith as CFO. The company's stock gained around 2,297% over the past five days and has a <a href="https://www.benzinga.com/quote/LPA">52-week high</a> of $258.85.</li>
<li>RSI Value: 98.83</li>
<li>LPA Price Action: Shares of Latam Logistic Properties jumped 684% to close at $258.85 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>)</h3>
<ul>
<li>On May 14, Whitestone REIT announced preliminary results of 2024 Annual Meeting of shareholders. The company's stock jumped around 13% over the past month and has a 52-week high is $13.12.</li>
<li>RSI Value: 70.35</li>
<li>WSR Price Action: Shares of Whitestone REIT rose 0.9% to close at $12.96 on Thursday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/39104172/dell-asana-and-3-stocks-to-watch-heading-into-friday">Dell, Asana And 3 Stocks To Watch Heading Into Friday</a>

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