Whitestone REIT (NYSE:WSR) Director Paul T. Lambert purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $12.29 per share, with a total value of $36,870.00. Following the acquisition, the director now owns 51,918 shares in the company, valued at approximately $638,072.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Whitestone REIT (NYSE:WSR) opened at 12.21 on Wednesday. The stock has a market cap of $470.37 million, a price-to-earnings ratio of 84.79 and a beta of 0.92. Whitestone REIT has a 12-month low of $10.80 and a 12-month high of $14.93. The stock’s 50 day moving average is $12.77 and its 200-day moving average is $12.90.

Whitestone REIT (NYSE:WSR) last announced 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. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.36%. The business had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.68 million. During the same period in the prior year, the business posted $0.32 earnings per share. Whitestone REIT’s revenue was up 20.2% compared to the same quarter last year. Equities analysts anticipate that Whitestone REIT will post $0.28 EPS for the current fiscal year.

The business also recently announced 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 9.34%. The ex-dividend date was Tuesday, August 1st. Whitestone REIT’s dividend payout ratio is 876.99%.

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Several large investors have recently made changes to their positions in WSR. Schnieders Capital Management LLC increased its stake in shares of Whitestone REIT by 7.6% in the second quarter. Schnieders Capital Management LLC now owns 11,275 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 800 shares in the last quarter. Capital Investment Advisors LLC increased its stake in shares of Whitestone REIT by 8.8% in the second quarter. Capital Investment Advisors LLC now owns 12,300 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,000 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Whitestone REIT during the first quarter valued at approximately $160,000. First Allied Advisory Services Inc. bought a new stake in shares of Whitestone REIT during the second quarter valued at approximately $168,000. Finally, Advisor Group Inc. increased its stake in shares of Whitestone REIT by 147.4% in the second quarter. Advisor Group Inc. now owns 14,840 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 8,841 shares in the last quarter. 43.77% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on WSR shares. Zacks Investment Research raised shares of Whitestone REIT from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Thursday, May 25th. FBR & Co reissued an “outperform” rating and issued a $14.00 price target on shares of Whitestone REIT in a report on Tuesday, July 11th. Maxim Group reissued a “buy” rating and issued a $20.00 price target on shares of Whitestone REIT in a report on Wednesday, June 14th. BidaskClub raised shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, ValuEngine lowered shares of Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. 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 assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.25.

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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