Whitestone REIT (WSR) Position Raised by Axa
Axa increased its position in shares of Whitestone REIT (NYSE:WSR) by 39.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,000 shares of the real estate investment trust’s stock after purchasing an additional 26,871 shares during the period. Axa owned 0.27% of Whitestone REIT worth $1,164,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in WSR. Northpointe Capital LLC bought a new stake in Whitestone REIT during the second quarter worth approximately $3,906,000. PVG Asset Management Corp bought a new stake in Whitestone REIT during the first quarter worth approximately $3,524,000. Rational Advisors LLC raised its holdings in Whitestone REIT by 66.5% during the second quarter. Rational Advisors LLC now owns 243,120 shares of the real estate investment trust’s stock worth $2,978,000 after purchasing an additional 97,120 shares in the last quarter. Vanguard Group Inc. raised its holdings in Whitestone REIT by 2.9% during 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 purchasing an additional 93,822 shares in the last quarter. Finally, Orinda Asset Management LLC raised its holdings in Whitestone REIT by 49.2% during the second quarter. Orinda Asset Management LLC now owns 270,776 shares of the real estate investment trust’s stock worth $3,317,000 after purchasing an additional 89,329 shares in the last quarter. 43.73% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently commented on WSR. ValuEngine cut Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut Whitestone REIT from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a report on Friday, August 18th. BidaskClub raised Whitestone REIT from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, FBR & Co reissued an “outperform” rating and set a $14.00 target price on shares of Whitestone REIT in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Whitestone REIT presently has an average rating of “Hold” and an average target price of $14.25.
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In other Whitestone REIT news, Director Paul T. Lambert acquired 3,000 shares of Whitestone REIT stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $12.29 per share, with a total value of $36,870.00. Following the completion of the purchase, the director now owns 51,918 shares in the company, valued at $638,072.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.29% of the stock is currently owned by company insiders.
Whitestone REIT (NYSE WSR) opened at 12.86 on Friday. The company has a market cap of $495.41 million, a PE ratio of 89.31 and a beta of 0.93. Whitestone REIT has a 12-month low of $10.80 and a 12-month high of $14.78. The firm has a 50 day moving average price of $12.85 and a 200 day moving average price of $12.74.
Whitestone REIT (NYSE:WSR) last released its quarterly 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. Whitestone REIT had a net margin of 4.36% and a return on equity of 1.69%. The business had revenue of $30.20 million for the quarter, compared to analysts’ expectations of $30.68 million. During the same period in the prior year, the firm earned $0.32 earnings per share. Whitestone REIT’s revenue was up 20.2% compared to the same quarter last year. On average, analysts anticipate that Whitestone REIT will post $0.28 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, November 3rd will be paid a $0.095 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $1.14 dividend on an annualized basis and a yield of 8.86%. Whitestone REIT’s payout ratio is presently 876.99%.
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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