Dimensional Fund Advisors LP Boosts Stake in Whitestone REIT (WSR)
Dimensional Fund Advisors LP raised its position in Whitestone REIT (NYSE:WSR) by 4.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 401,497 shares of the real estate investment trust’s stock after buying an additional 18,205 shares during the period. Dimensional Fund Advisors LP owned about 1.05% of Whitestone REIT worth $5,557,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. Schnieders Capital Management LLC boosted its position in shares of Whitestone REIT by 4.5% in the first quarter. Schnieders Capital Management LLC now owns 10,475 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 450 shares during the last quarter. AE Wealth Management LLC acquired a new position in shares of Whitestone REIT during the first quarter worth about $160,000. Bank of Montreal Can boosted its position in shares of Whitestone REIT by 21.4% in the first quarter. Bank of Montreal Can now owns 14,581 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 2,570 shares during the last quarter. American International Group Inc. boosted its position in shares of Whitestone REIT by 7.3% in the first quarter. American International Group Inc. now owns 16,157 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 1,105 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Whitestone REIT during the first quarter worth about $260,000. Institutional investors own 36.87% of the company’s stock.
Shares of Whitestone REIT (WSR) traded up 0.78% during midday trading on Friday, hitting $12.87. 172,278 shares of the stock were exchanged. The stock has a market cap of $495.79 million, a P/E ratio of 89.38 and a beta of 0.92. The stock’s 50-day moving average price is $12.77 and its 200 day moving average price is $12.90. Whitestone REIT has a one year low of $10.80 and a one year high of $14.89.
Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The company had revenue of $30.20 million during the quarter, compared to analyst estimates of $30.68 million. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.36%. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. On average, analysts anticipate that Whitestone REIT will post $0.28 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 11th. Stockholders of record on Thursday, August 3rd were issued a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 8.86%. The ex-dividend date of this dividend was Tuesday, August 1st. Whitestone REIT’s dividend payout ratio (DPR) is presently 876.99%.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/08/26/dimensional-fund-advisors-lp-boosts-stake-in-whitestone-reit-wsr.html.
A number of brokerages have issued reports on WSR. Zacks Investment Research cut shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Whitestone REIT in a research report on Friday, August 18th. ValuEngine upgraded shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Finally, Maxim Group restated a “buy” rating and set a $20.00 target price on shares of Whitestone REIT in a research report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average 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.
Receive News & Stock Ratings for Whitestone REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitestone REIT and related stocks with our FREE daily email newsletter.