Shares of Whitestone REIT (NYSE:WSR) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $14.67.
A number of analysts have weighed in on the stock. ValuEngine upgraded shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Whitestone REIT in a research note on Friday, August 18th. BidaskClub upgraded shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, FBR & Co restated an “outperform” rating and set a $14.00 price objective on shares of Whitestone REIT in a research note on Tuesday, July 11th.
In related news, Director Paul T. Lambert purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $12.29 per share, with a total value of $36,870.00. Following the acquisition, the director now directly owns 51,918 shares in the company, valued at approximately $638,072.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 5.29% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its holdings in shares of Whitestone REIT by 1.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 65,760 shares of the real estate investment trust’s stock valued at $900,000 after acquiring an additional 1,054 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Whitestone REIT by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 3,371,850 shares of the real estate investment trust’s stock valued at $46,666,000 after acquiring an additional 93,822 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Whitestone REIT by 2.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 216,182 shares of the real estate investment trust’s stock valued at $2,992,000 after acquiring an additional 4,959 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Whitestone REIT by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,696 shares of the real estate investment trust’s stock valued at $480,000 after acquiring an additional 5,033 shares during the last quarter. Finally, Chilton Capital Management LLC purchased a new stake in shares of Whitestone REIT during the 2nd quarter valued at about $6,727,000. 43.73% of the stock is currently owned by hedge funds and other institutional investors.
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Whitestone REIT (NYSE WSR) opened at 13.18 on Friday. The company’s 50-day moving average is $12.91 and its 200 day moving average is $12.72. The stock has a market capitalization of $507.73 million, a PE ratio of 91.53 and a beta of 0.94. Whitestone REIT has a 12-month low of $10.80 and a 12-month high of $14.78.
Whitestone REIT (NYSE:WSR) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $30.20 million during the quarter, compared to analyst estimates of $30.68 million. Whitestone REIT had a net margin of 4.36% and a return on equity of 1.69%. Whitestone REIT’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. On average, equities research analysts expect that Whitestone REIT will post $0.28 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Thursday, November 2nd. Whitestone REIT’s payout ratio is presently 876.99%.
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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