Somewhat Positive Press Coverage Somewhat Unlikely to Affect Whitestone REIT (WSR) Share Price
News articles about Whitestone REIT (NYSE:WSR) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Whitestone REIT earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.3000021104221 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Needle Action Activity Spotted in Whitestone REIT (WSR) – Evergreen Caller (evergreencaller.com)
- Share Activity Lifted for Whitestone REIT (WSR) in Session – Sheridan Daily (sheridandaily.com)
- Whitestone REIT (WSR) Ex-Dividend Date Scheduled for August 31, 2017 – Nasdaq (nasdaq.com)
- Dividend Coverage: This Community Centered Retail REIT has a Dividend Yield of 9.31%; Will Trade Ex-Dividend on August 31, 2017 (finance.yahoo.com)
- Insider Buying: Whitestone REIT (WSR) Director Acquires 3,000 Shares of Stock (americanbankingnews.com)
Whitestone REIT (NYSE:WSR) traded up 1.90% during trading on Thursday, reaching $12.58. The company had a trading volume of 250,641 shares. The company has a 50 day moving average price of $12.77 and a 200 day moving average price of $12.90. The company has a market capitalization of $484.62 million, a PE ratio of 87.36 and a beta of 0.92. Whitestone REIT has a 52-week low of $10.80 and a 52-week high of $14.93.
Whitestone REIT (NYSE:WSR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 EPS for the quarter, beating the Thomson Reuters’ 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 business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. On average, equities analysts forecast that Whitestone REIT will post $0.28 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which was paid on Friday, August 11th. Shareholders of record on Thursday, August 3rd were paid a $0.095 dividend. This represents a $1.14 annualized dividend and a yield of 9.16%. The ex-dividend date of this dividend was Tuesday, August 1st. Whitestone REIT’s payout ratio is 876.99%.
Several analysts have weighed in on the stock. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Whitestone REIT in a research note on Friday, August 18th. Robert W. Baird lowered shares of Whitestone REIT from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $15.00 to $10.00 in a research report on Wednesday, May 17th. Zacks Investment Research lowered shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 26th. ValuEngine upgraded shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.25.
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In other news, Director Paul T. Lambert bought 3,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of $12.29 per share, for a total transaction of $36,870.00. Following the purchase, the director now owns 51,918 shares of the company’s stock, valued at approximately $638,072.22. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.29% of the company’s stock.
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.
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