Whitestone Reit (WSR) Reaches New 1-Year High at $16.10
Whitestone Reit (NYSE:WSR) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.10 and last traded at $15.66, with a volume of 152,265 shares. The stock had previously closed at $15.82.
WSR has been the topic of several recent research reports. Hilliard Lyons lowered Whitestone Reit from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. Zacks Investment Research lowered Whitestone Reit from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th.
The company has a market cap of $427.52 million and a P/E ratio of 42.86. The firm’s 50-day moving average price is $15.22 and its 200-day moving average price is $12.92.
Whitestone Reit (NYSE:WSR) last released its earnings results on Wednesday, July 27th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by $0.02. The firm earned $25.13 million during the quarter, compared to the consensus estimate of $26.04 million. During the same period in the previous year, the business posted $0.35 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. Equities research analysts forecast that Whitestone Reit will post $1.36 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Friday, September 9th. Stockholders of record on Thursday, September 1st will be paid a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.31%. 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 increased its position in shares of Whitestone Reit (NYSE:WSR) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 1.22% of Whitestone Reit worth $3,960,000 as of its most recent filing with the SEC.
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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