Whitestone Reit (NYSE:WSR) announced a monthly dividend on Thursday, September 22nd. Investors of record on Monday, October 3rd will be given a dividend of 0.095 per share on Wednesday, October 12th. This represents a $1.14 annualized dividend and a yield of 7.95%. The ex-dividend date is Thursday, September 29th.
Shares of Whitestone Reit (NYSE:WSR) opened at 14.34 on Friday. The company has a market cap of $409.95 million, a price-to-earnings ratio of 42.05 and a beta of 0.81. The company’s 50-day moving average is $14.57 and its 200 day moving average is $14.06. Whitestone Reit has a 1-year low of $9.44 and a 1-year high of $16.30.
Whitestone Reit (NYSE:WSR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Whitestone Reit had a net margin of 10.03% and a return on equity of 4.11%. The business had revenue of $25.13 million for the quarter, compared to the consensus estimate of $26.04 million. During the same quarter last year, the business earned $0.35 EPS. Whitestone Reit’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities analysts anticipate that Whitestone Reit will post $1.35 EPS for the current year.
WSR has been the topic of several recent analyst reports. Hilliard Lyons downgraded shares of Whitestone Reit from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. Zacks Investment Research downgraded shares of Whitestone Reit from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Robert W. Baird downgraded shares of Whitestone Reit from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $16.00 to $15.00 in a research note on Friday, August 19th. Finally, Maxim Group increased their target price on shares of Whitestone Reit from $18.50 to $20.00 and gave the company a “buy” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Whitestone Reit presently has a consensus rating of “Hold” and a consensus target price of $15.63.
In related news, VP Christine J. Mastandrea purchased 2,000 shares of Whitestone Reit stock in a transaction that occurred on Friday, August 19th. The shares were bought at an average price of $14.56 per share, with a total value of $29,120.00. Following the purchase, the vice president now directly owns 79,507 shares of the company’s stock, valued at approximately $1,157,621.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.53% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Whitestone Reit by 7.8% in the second quarter. Vanguard Group Inc. now owns 3,090,884 shares of the company’s stock valued at $46,611,000 after buying an additional 223,581 shares in the last quarter. Alliancebernstein L.P. bought a new position in Whitestone Reit during the second quarter valued at approximately $287,000. State Street Corp increased its position in Whitestone Reit by 4.5% in the second quarter. State Street Corp now owns 399,326 shares of the company’s stock valued at $6,018,000 after buying an additional 17,374 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Whitestone Reit by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 362,220 shares of the company’s stock valued at $5,462,000 after buying an additional 15,623 shares in the last quarter. Finally, KCG Holdings Inc. bought a new position in Whitestone Reit during the second quarter valued at approximately $172,000. 42.44% of the stock is currently owned by institutional investors.
About Whitestone Reit
Whitestone REIT is a self-managed, real estate investment trust (REIT) that owns, manages and redevelops a portfolio of neighborhood, community and lifestyle retail centers. The Company’s strategy is to cater to shifting consumer behavior and purchasing patterns by creating an optimal mix of tenants who provide convenience and services and necessities to the community which are not readily available online.
Receive News & Ratings for Whitestone Reit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitestone Reit and related companies with MarketBeat.com's FREE daily email newsletter.