HL Financial Services LLC raised its position in shares of Whitestone REIT (NYSE:WSR) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,679 shares of the real estate investment trust’s stock after buying an additional 987 shares during the period. HL Financial Services LLC owned about 0.08% of Whitestone REIT worth $364,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WSR. Dimensional Fund Advisors LP increased 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 worth $5,512,000 after buying an additional 7,527 shares during the period. State Street Corp increased 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 worth $6,507,000 after buying an additional 46,319 shares during the period. Asset Management One Co. Ltd. increased its stake in Whitestone REIT by 1.6% in the first quarter. Asset Management One Co. Ltd. now owns 65,760 shares of the real estate investment trust’s stock worth $900,000 after buying an additional 1,054 shares during the period. Vanguard Group Inc. increased its stake in Whitestone REIT by 2.9% in the first quarter. Vanguard Group Inc. now owns 3,371,850 shares of the real estate investment trust’s stock worth $46,666,000 after buying an additional 93,822 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Whitestone REIT by 3.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 75,462 shares of the real estate investment trust’s stock worth $1,044,000 after buying an additional 2,225 shares during the period. Hedge funds and other institutional investors own 36.87% of the company’s stock.

Shares of Whitestone REIT (NYSE WSR) opened at 12.94 on Tuesday. The stock has a market capitalization of $498.49 million, a P/E ratio of 89.86 and a beta of 0.92. The firm’s 50-day moving average price is $12.68 and its 200-day moving average price is $12.96. Whitestone REIT has a 52-week low of $10.80 and a 52-week high of $15.34.

Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. The firm had revenue of $30.20 million for the quarter, compared to analysts’ expectations of $30.68 million. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.36%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. Equities analysts forecast that Whitestone REIT will post $0.28 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which was paid on Friday, August 11th. Shareholders of record on Thursday, August 3rd were paid a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date of this dividend was Tuesday, August 1st. Whitestone REIT’s payout ratio is currently 876.99%.

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WSR has been the topic of a number of analyst reports. Zacks Investment Research upgraded Whitestone REIT from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday, May 25th. FBR & Co reiterated an “outperform” rating and set a $14.00 target price on shares of Whitestone REIT in a research report on Tuesday, July 11th. Maxim Group reiterated a “buy” rating and set a $20.00 target price on shares of Whitestone REIT in a research report on Wednesday, June 14th. BidaskClub upgraded Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Finally, ValuEngine downgraded Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Whitestone REIT currently has an average rating of “Buy” and a consensus target price of $14.25.

Whitestone REIT Company Profile

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.

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

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