Ladenburg Thalmann Financial Services reiterated their hold rating on shares of Whitestone REIT (NYSE:WSR) in a report issued on Friday morning.

Several other analysts have also recently weighed in on WSR. ValuEngine raised shares of Whitestone REIT from a hold rating to a buy rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Whitestone REIT from a strong-buy rating to a hold rating in a research note on Wednesday, July 26th. BidaskClub raised shares of Whitestone REIT from a buy rating to a strong-buy rating in a research note on Monday, July 24th. Maxim Group reissued a buy rating and issued a $20.00 price objective on shares of Whitestone REIT in a research note on Wednesday, June 14th. Finally, FBR & Co reissued an outperform rating and issued a $14.00 price objective on shares of Whitestone REIT in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Whitestone REIT currently has an average rating of Hold and an average target price of $14.25.

Shares of Whitestone REIT (NYSE WSR) opened at 12.63 on Friday. The company’s 50-day moving average price is $12.71 and its 200-day moving average price is $12.94. The firm has a market capitalization of $486.55 million, a PE ratio of 87.71 and a beta of 0.92. Whitestone REIT has a 12-month low of $10.80 and a 12-month high of $15.05.

Whitestone REIT (NYSE:WSR) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. Whitestone REIT had a net margin of 4.36% and a return on equity of 1.69%. The company had revenue of $30.20 million for the quarter, compared to analysts’ expectations of $30.68 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Whitestone REIT’s revenue for the quarter was up 20.2% on a year-over-year basis. Analysts anticipate that Whitestone REIT will post $0.28 EPS for the current year.

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The company also recently declared a monthly dividend, which was paid on Friday, August 11th. Shareholders of record on Thursday, August 3rd were given a dividend of $0.095 per share. The ex-dividend date was Tuesday, August 1st. This represents a $1.14 dividend on an annualized basis and a yield of 9.03%. Whitestone REIT’s dividend payout ratio (DPR) is currently 876.99%.

A number of hedge funds have recently modified their holdings of WSR. Vanguard Group Inc. boosted its stake in shares of Whitestone REIT by 8.0% in the second quarter. Vanguard Group Inc. now owns 3,641,643 shares of the real estate investment trust’s stock worth $44,610,000 after buying an additional 269,793 shares during the period. PVG Asset Management Corp boosted its stake in shares of Whitestone REIT by 284.4% in the second quarter. PVG Asset Management Corp now owns 978,814 shares of the real estate investment trust’s stock worth $11,990,000 after buying an additional 724,157 shares during the period. State Street Corp boosted its stake in shares of Whitestone REIT by 17.6% in the second quarter. State Street Corp now owns 671,188 shares of the real estate investment trust’s stock worth $8,223,000 after buying an additional 100,637 shares during the period. Hancock Holding Co. boosted its stake in shares of Whitestone REIT by 13.8% in the first quarter. Hancock Holding Co. now owns 614,170 shares of the real estate investment trust’s stock worth $8,500,000 after buying an additional 74,420 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Whitestone REIT by 4.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 554,500 shares of the real estate investment trust’s stock worth $6,793,000 after buying an additional 25,000 shares during the period. 36.87% of the stock is currently owned by institutional investors and hedge funds.

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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