Whitestone Reit (WSR) Sets New 52-Week High at $16.10
Whitestone Reit (NYSE:WSR)’s share price reached a new 52-week high during trading on Thursday . The company 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 analyst reports. Zacks Investment Research upgraded shares of Whitestone Reit from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Wednesday, May 4th. Maxim Group lifted their target price on shares of Whitestone Reit from $18.50 to $20.00 and gave the stock a “buy” rating in a report on Friday. Finally, Hilliard Lyons downgraded shares of Whitestone Reit from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th.
The stock has a 50-day moving average of $15.30 and a 200-day moving average of $12.97. The company has a market cap of $462.46 million and a P/E ratio of 47.42.
Whitestone Reit (NYSE:WSR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.02. During the same period last year, the company earned $0.35 earnings per share. The firm had revenue of $25.13 million for the quarter, compared to the consensus estimate of $26.04 million. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Analysts forecast that Whitestone Reit will post $1.36 earnings per share for the current year.
The business 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 dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 7.05%. 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 Whitestone Reit (NYSE:WSR) by 15.2% during the fourth quarter, according to its most recent disclosure with the 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 1.22% of Whitestone Reit worth $3,960,000 at the end of the most recent quarter.
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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