Whitestone Reit (WSR) Trading Down 1.9%
Whitestone Reit (NYSE:WSR)’s share price dropped 1.9% during trading on Wednesday . The stock traded as low as $15.15 and last traded at $15.16, with a volume of 101,164 shares trading hands. The stock had previously closed at $15.46.
WSR has been the topic of several research 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 report on Wednesday, May 4th. Hilliard Lyons cut shares of Whitestone Reit from a “buy” rating to a “neutral” rating in a research report on Thursday, July 14th. Finally, Maxim Group boosted their target price 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.
The firm has a market capitalization of $434.25 million and a P/E ratio of 44.55. The stock’s 50 day moving average price is $15.39 and its 200 day moving average price is $13.09.
Whitestone Reit (NYSE:WSR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.02. The company earned $25.13 million during the quarter, compared to the consensus estimate of $26.04 million. During the same period in the prior year, the business posted $0.35 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. Equities analysts forecast that Whitestone Reit will post $1.35 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 9th. Investors of record on Thursday, September 1st will be issued a $0.095 dividend. This represents a $1.14 annualized dividend and a yield of 7.50%. 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 boosted its stake in Whitestone Reit (NYSE:WSR) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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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