Whitestone Reit (WSR) Sets New 1-Year High at $15.71
Shares of Whitestone Reit (NYSE:WSR) hit a new 52-week high during trading on Friday . The stock traded as high as $15.71 and last traded at $15.63, with a volume of 156,826 shares trading hands. The stock had previously closed at $15.32.
Separately, Zacks Investment Research cut shares of Whitestone Reit from a “buy” rating to a “hold” rating in a research report on Saturday, June 18th.
The firm has a market capitalization of $429.44 million and a P/E ratio of 43.05. The company’s 50 day moving average is $14.44 and its 200 day moving average is $12.56.
Whitestone Reit (NYSE:WSR) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.34. The firm earned $25.40 million during the quarter, compared to the consensus estimate of $25.57 million. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter 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 fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 9th. Shareholders of record on Thursday, September 1st will be given a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend is Tuesday, August 30th.
An institutional investor recently raised its position in Whitestone Reit stock. Dimensional Fund Advisors LP boosted its position in Whitestone Reit (NYSE:WSR) by 15.2% during the fourth quarter, Holdings Channel reports. The firm owned 329,715 shares of the company’s stock after buying an additional 43,552 shares during the period. Dimensional Fund Advisors LP owned about 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.
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