Whitestone Reit (WSR) Shares Up 1.1%
Whitestone Reit (NYSE:WSR) shares shot up 1.1% during mid-day trading on Tuesday . The company traded as high as $15.44 and last traded at $15.35, with a volume of 95,820 shares changing hands. The stock had previously closed at $15.19.
Separately, Zacks Investment Research cut shares of Whitestone Reit from a “buy” rating to a “hold” rating in a report on Saturday, June 18th.
The company has a market capitalization of $423.13 million and a P/E ratio of 42.42. The stock’s 50-day moving average price is $14.30 and its 200 day moving average price is $12.51.
Whitestone Reit (NYSE:WSR) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. During the same period last year, the firm posted $0.34 earnings per share. The business earned $25.40 million during the quarter, compared to analyst estimates of $25.57 million. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate that Whitestone Reit will post $1.36 EPS for the current year.
The company also recently announced 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 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date of this dividend is Tuesday, August 30th.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.