State Street Corp lifted its position in shares of Whitestone REIT (NYSE:WSR) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 671,188 shares of the real estate investment trust’s stock after purchasing an additional 100,637 shares during the quarter. State Street Corp owned 1.74% of Whitestone REIT worth $8,223,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schnieders Capital Management LLC boosted its position in shares of Whitestone REIT by 7.6% during the second quarter. Schnieders Capital Management LLC now owns 11,275 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 800 shares in the last quarter. HL Financial Services LLC lifted its position in Whitestone REIT by 3.4% in the 2nd quarter. HL Financial Services LLC now owns 29,679 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 987 shares in the last quarter. Voya Investment Management LLC lifted its position in Whitestone REIT by 14.9% in the 2nd quarter. Voya Investment Management LLC now owns 18,495 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 2,394 shares in the last quarter. Strs Ohio lifted its position in Whitestone REIT by 9.4% in the 2nd quarter. Strs Ohio now owns 57,858 shares of the real estate investment trust’s stock valued at $708,000 after acquiring an additional 4,953 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Whitestone REIT by 2.3% in 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 in the last quarter. 49.95% of the stock is currently owned by institutional investors.
Whitestone REIT (NYSE WSR) traded up $0.06 on Thursday, reaching $14.91. 255,500 shares of the company traded hands, compared to its average volume of 407,303. The company has a market cap of $571.53, a PE ratio of 11.42 and a beta of 0.98. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $14.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.87.
Whitestone REIT (NYSE:WSR) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The business had revenue of $33.70 million for the quarter, compared to analysts’ expectations of $32.78 million. Whitestone REIT had a net margin of 5.77% and a return on equity of 2.22%. The firm’s revenue was up 32.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. equities research analysts predict that Whitestone REIT will post 1.02 EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, November 3rd were given a dividend of $0.095 per share. The ex-dividend date was Thursday, November 2nd. This represents a $1.14 annualized dividend and a yield of 7.65%. Whitestone REIT’s dividend payout ratio (DPR) is presently 670.59%.
Several equities research analysts recently commented on the stock. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Whitestone REIT in a research report on Thursday. ValuEngine raised shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Whitestone REIT presently has an average rating of “Hold” and a consensus target price of $14.67.
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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