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

A number of brokerages have recently issued reports on WSR. Zacks Investment Research cut Whitestone Reit from a “hold” rating to a “sell” rating in a research note on Thursday, August 25th. Robert W. Baird cut Whitestone Reit from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $16.00 to $15.00 in a research note on Friday, August 19th. Maxim Group upped their price objective on Whitestone Reit from $18.50 to $20.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Hilliard Lyons cut Whitestone Reit from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.63.

The firm has a market cap of $413.38 million and a price-to-earnings ratio of 42.40. The firm has a 50-day moving average price of $15.29 and a 200-day moving average price of $13.72.

Whitestone Reit (NYSE:WSR) last issued its quarterly earnings results 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 in the prior year, the business posted $0.35 earnings per share. The business earned $25.13 million during the quarter, compared to analysts’ expectations of $26.04 million. The firm’s revenue was up 14.4% on a year-over-year basis. On average, equities research analysts anticipate that Whitestone Reit will post $1.35 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, September 9th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend is Tuesday, August 30th.

In other news, VP Christine J. Mastandrea purchased 2,000 shares of the company’s stock in a transaction on Friday, August 19th. The stock was purchased at an average price of $14.56 per share, with a total value of $29,120.00. Following the completion of the purchase, the vice president now directly owns 79,507 shares in the company, valued at approximately $1,157,621.92. The transaction was disclosed in a legal filing with the SEC, which is available 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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