Whitestone REIT (WSR) Upgraded at ValuEngine
ValuEngine upgraded shares of Whitestone REIT (NYSE:WSR) from a hold rating to a buy rating in a research report released on Monday.
Several other research analysts have also recently weighed in on WSR. Maxim Group reiterated a buy rating and set a $20.00 price target on shares of Whitestone REIT in a research report on Wednesday, June 14th. FBR & Co reiterated an outperform rating and set a $14.00 price target on shares of Whitestone REIT in a research report on Tuesday, July 11th. BidaskClub upgraded Whitestone REIT from a buy rating to a strong-buy rating in a research report on Monday, July 24th. Zacks Investment Research cut Whitestone REIT from a strong-buy rating to a hold rating in a research report on Wednesday, July 26th. Finally, Ladenburg Thalmann Financial Services reiterated a hold rating on shares of Whitestone REIT in a research report on Friday, August 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $14.67.
Whitestone REIT (NYSE WSR) opened at 13.13 on Monday. The company’s 50 day moving average price is $12.88 and its 200-day moving average price is $12.72. Whitestone REIT has a 52 week low of $10.80 and a 52 week high of $14.78. The company has a market capitalization of $505.81 million, a P/E ratio of 91.18 and a beta of 0.94.
Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $30.20 million during 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%. Whitestone REIT’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share. Equities research analysts expect that Whitestone REIT will post $0.28 earnings per share for the current year.
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The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, November 3rd will be given a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date is Thursday, November 2nd. Whitestone REIT’s dividend payout ratio (DPR) is presently 876.99%.
In other Whitestone REIT news, Director Paul T. Lambert acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $12.29 per share, for a total transaction of $36,870.00. Following the completion of the transaction, the director now directly owns 51,918 shares of the company’s stock, valued at $638,072.22. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.29% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Schnieders Capital Management LLC increased its position 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. HL Financial Services LLC boosted its stake in shares of Whitestone REIT by 3.4% in the second quarter. HL Financial Services LLC now owns 29,679 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 987 shares during the last quarter. Capital Investment Advisors LLC boosted 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 worth $151,000 after acquiring an additional 1,000 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Whitestone REIT by 1.6% in the first quarter. Asset Management One Co. Ltd. now owns 65,760 shares of the real estate investment trust’s stock worth $900,000 after acquiring an additional 1,054 shares during the last quarter. Finally, American International Group Inc. boosted its stake 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 acquiring an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 43.73% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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