Rational Advisors LLC Takes Position in Whitestone REIT (WSR)

Rational Advisors LLC acquired a new position in shares of Whitestone REIT (NYSE:WSR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 146,000 shares of the real estate investment trust’s stock, valued at approximately $2,021,000. Whitestone REIT makes up 1.3% of Rational Advisors LLC’s holdings, making the stock its 15th largest position. Rational Advisors LLC owned about 0.38% of Whitestone REIT at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in Whitestone REIT by 21.4% in the first quarter. Bank of Montreal Can now owns 14,581 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 2,570 shares in the last quarter. Teachers Advisors LLC raised its stake in Whitestone REIT by 9.8% in the fourth quarter. Teachers Advisors LLC now owns 45,051 shares of the real estate investment trust’s stock worth $648,000 after buying an additional 4,027 shares in the last quarter. Numeric Investors LLC raised its stake in Whitestone REIT by 7.5% in the fourth quarter. Numeric Investors LLC now owns 14,400 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 1,000 shares in the last quarter. AQR Capital Management LLC raised its stake in Whitestone REIT by 1.5% in the fourth quarter. AQR Capital Management LLC now owns 117,997 shares of the real estate investment trust’s stock worth $1,697,000 after buying an additional 1,721 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Whitestone REIT by 15.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 64,706 shares of the real estate investment trust’s stock worth $930,000 after buying an additional 8,576 shares in the last quarter. Institutional investors own 43.27% of the company’s stock.

Institutional Ownership by Quarter for Whitestone REIT (NYSE:WSR)

Whitestone REIT (NYSE:WSR) traded up 0.52% during mid-day trading on Friday, hitting $11.57. 566,003 shares of the stock were exchanged. The company has a 50 day moving average price of $12.87 and a 200 day moving average price of $13.48. Whitestone REIT has a 52 week low of $10.80 and a 52 week high of $16.30. The stock has a market cap of $440.31 million, a price-to-earnings ratio of 92.56 and a beta of 0.92.

Whitestone REIT (NYSE:WSR) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. The firm had revenue of $28.27 million during the quarter, compared to analysts’ expectations of $28.03 million. Whitestone REIT had a return on equity of 3.83% and a net margin of 9.33%. Analysts expect that Whitestone REIT will post $0.29 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which was paid on Thursday, May 11th. Shareholders of record on Wednesday, May 3rd were given a dividend of $0.095 per share. The ex-dividend date was Monday, May 1st. This represents a $1.14 dividend on an annualized basis and a yield of 9.85%. Whitestone REIT’s payout ratio is currently 345.47%.

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A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Whitestone REIT from a “sell” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Saturday, February 4th. Robert W. Baird lowered shares of Whitestone REIT from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $15.00 to $10.00 in a research note on Wednesday. Finally, Maxim Group lowered shares of Whitestone REIT from a “neutral” rating to an “underperform” rating in a research note on Thursday.

In related news, Director Paul T. Lambert bought 2,500 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was purchased at an average price of $13.88 per share, with a total value of $34,700.00. Following the completion of the transaction, the director now directly owns 47,735 shares of the company’s stock, valued at $662,561.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.53% of the stock is owned by corporate insiders.

About Whitestone REIT

Whitestone REIT is a real estate investment trust. The Company is engaged in owning and operating commercial properties in culturally diverse markets in various metropolitan areas. The Company’s acquisition targets are located in densely populated, culturally diverse neighborhoods, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.

12 Month Chart for NYSE:WSR

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