Dimensional Fund Advisors LP Buys 51,053 Shares of Whitestone REIT (WSR)
Dimensional Fund Advisors LP increased its stake in Whitestone REIT (NYSE:WSR) by 12.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 452,550 shares of the real estate investment trust’s stock after purchasing an additional 51,053 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.27% of Whitestone REIT worth $5,544,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in WSR. Northpointe Capital LLC bought a new stake in Whitestone REIT during the second quarter valued at about $3,906,000. Vanguard Group Inc. raised its holdings in Whitestone REIT by 8.0% during the second quarter. Vanguard Group Inc. now owns 3,641,643 shares of the real estate investment trust’s stock valued at $44,610,000 after acquiring an additional 269,793 shares during the period. Northern Trust Corp raised its holdings in Whitestone REIT by 32.1% during the second quarter. Northern Trust Corp now owns 423,099 shares of the real estate investment trust’s stock valued at $5,183,000 after acquiring an additional 102,867 shares during the period. 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 valued at $2,978,000 after acquiring an additional 97,120 shares during the period. Finally, Kennedy Capital Management Inc. bought a new stake in Whitestone REIT during the second quarter valued at about $858,000. 44.24% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on WSR shares. Zacks Investment Research cut Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 26th. ValuEngine cut Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Whitestone REIT in a report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.67.
Whitestone REIT (WSR) opened at $14.68 on Wednesday. The company has a market capitalization of $555.36, a PE ratio of 11.10 and a beta of 1.00. Whitestone REIT has a 12-month low of $10.80 and a 12-month high of $14.78. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.82 and a quick ratio of 0.82.
Whitestone REIT (NYSE:WSR) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The company had revenue of $33.70 million during the quarter, compared to analyst estimates of $32.78 million. Whitestone REIT had a return on equity of 2.22% and a net margin of 5.77%. The firm’s revenue was up 32.2% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. analysts expect that Whitestone REIT will post 1.02 EPS for the current year.
The business also recently declared a monthly dividend, which was paid on Monday, November 13th. Investors of record on Friday, November 3rd were given a $0.095 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.14 annualized dividend and a yield of 7.77%. Whitestone REIT’s dividend payout ratio is currently 633.33%.
In related news, Director Paul T. Lambert purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average price of $12.29 per share, for a total transaction of $36,870.00. Following the completion of the transaction, 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 is accessible through this link. Company insiders own 5.29% of the company’s stock.
Whitestone REIT 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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