Teachers Insurance & Annuity Association of America Holds Position in Whitestone REIT (WSR)

Teachers Insurance & Annuity Association of America maintained its stake in Whitestone REIT (NYSE:WSR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,110 shares of the real estate investment trust’s stock at the end of the first quarter. Teachers Insurance & Annuity Association of America owned 0.08% of Whitestone REIT worth $444,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Whitestone REIT during the fourth quarter valued at approximately $552,000. State Street Corp boosted its stake in Whitestone REIT by 11.4% in the fourth quarter. State Street Corp now owns 452,236 shares of the real estate investment trust’s stock valued at $6,507,000 after buying an additional 46,319 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Whitestone REIT by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 383,292 shares of the real estate investment trust’s stock valued at $5,512,000 after buying an additional 7,527 shares in the last quarter. Systematic Financial Management LP bought a new stake in Whitestone REIT during the fourth quarter valued at approximately $1,314,000. Finally, Asset Management One Co. Ltd. boosted 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 valued at $930,000 after buying an additional 8,576 shares in the last quarter. 35.40% of the stock is owned by hedge funds and other institutional investors.

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

Whitestone REIT (WSR) traded up 0.25% during midday trading on Friday, hitting $12.23. The company had a trading volume of 166,858 shares. The stock’s 50-day moving average price is $11.97 and its 200-day moving average price is $13.30. 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 $465.42 million, a PE ratio of 97.84 and a beta of 0.95.

Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.11%. The firm had revenue of $28.27 million for the quarter, compared to analyst estimates of $28.03 million. On average, equities research analysts expect that Whitestone REIT will post $0.27 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, August 3rd will be paid a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date is Tuesday, August 1st. Whitestone REIT’s payout ratio is currently 876.99%.

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Several equities research analysts recently commented on WSR shares. Zacks Investment Research cut Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 11th. Robert W. Baird cut Whitestone REIT from a “neutral” rating to an “underperform” rating and cut their price target for the company from $15.00 to $10.00 in a report on Wednesday, May 17th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Whitestone REIT in a report on Monday, May 22nd. ValuEngine cut Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Maxim Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Whitestone REIT in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.33.

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.

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