Whitestone Reit (NYSE:WSR) shares dropped 1.8% on Tuesday . The company traded as low as $14.20 and last traded at $14.37, with a volume of 129,553 shares changing hands. The stock had previously closed at $14.63.

WSR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Whitestone Reit from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, May 4th. Maxim Group increased their price objective on shares of Whitestone Reit from $18.50 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Robert W. Baird downgraded shares of Whitestone Reit from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $15.00 in a research report on Friday, August 19th. Finally, Hilliard Lyons downgraded shares of Whitestone Reit from a “buy” rating to a “neutral” rating in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.63.

The company’s 50 day moving average price is $15.35 and its 200 day moving average price is $13.71. The firm has a market capitalization of $412.81 million and a price-to-earnings ratio of 42.35.

Whitestone Reit (NYSE:WSR) last posted its earnings results on Wednesday, July 27th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $25.13 million for the quarter, compared to analyst estimates of $26.04 million. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities analysts predict that Whitestone Reit will post $1.35 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 9th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date is Tuesday, August 30th.

In other news, VP Christine J. Mastandrea acquired 2,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were purchased at an average price of $14.56 per share, with a total value of $29,120.00. Following the transaction, the vice president now directly owns 79,507 shares in the company, valued at $1,157,621.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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.

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