Whitestone Reit (WSR) Reaches New 12-Month High at $15.71
Whitestone Reit (NYSE:WSR)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.71 and last traded at $15.63, with a volume of 156,826 shares traded. The stock had previously closed at $15.32.
Separately, Zacks Investment Research upgraded Whitestone Reit from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research report on Thursday, March 24th.
The firm has a 50 day moving average of $14.36 and a 200-day moving average of $12.53. The firm has a market capitalization of $428.89 million and a price-to-earnings ratio of 42.99.
Whitestone Reit (NYSE:WSR) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business earned $25.40 million during the quarter, compared to analysts’ expectations of $25.57 million. Whitestone Reit’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts forecast that Whitestone Reit will post $1.36 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 9th. Stockholders of record on Thursday, September 1st will be given a $0.095 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $1.14 annualized dividend and a dividend yield of 7.44%.
A hedge fund recently raised its stake in Whitestone Reit stock. Dimensional Fund Advisors LP raised its stake in shares of Whitestone Reit (NYSE:WSR) by 15.2% during the fourth quarter, Holdings Channel reports. The fund owned 329,715 shares of the company’s stock after buying an additional 43,552 shares during the period. Dimensional Fund Advisors LP owned 1.22% of Whitestone Reit worth $3,960,000 as of its most recent SEC filing.
Whitestone REIT is a Real Estate Investment Trust (REIT). The Company is engaged in owning and operating commercial properties in diverse markets in metropolitan areas. As of December 31, 2014, the Company owned a real estate portfolio of 63 properties containing approximately 5.5 million square feet of gross leasable area (GLA), located in Texas, Arizona and Illinois.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.