Whitestone Reit (WSR) Sees Strong Trading Volume
Whitestone Reit (NYSE:WSR) shares saw unusually-strong trading volume on Thursday . Approximately 175,491 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 173,085 shares.The stock last traded at $15.17 and had previously closed at $15.00.
A number of equities analysts have recently issued reports on WSR shares. Zacks Investment Research cut shares of Whitestone Reit from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Hilliard Lyons cut shares of Whitestone Reit from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. Finally, 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 note on Friday, July 29th.
The firm has a 50 day moving average of $15.49 and a 200-day moving average of $13.40. The stock has a market cap of $433.68 million and a price-to-earnings ratio of 44.49.
Whitestone Reit (NYSE:WSR) last released its earnings results 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. During the same period in the previous year, the company earned $0.35 earnings per share. The company had revenue of $25.13 million for the quarter, compared to analyst estimates of $26.04 million. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts expect that Whitestone Reit will post $1.35 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Friday, September 9th. Investors of record on Thursday, September 1st will be paid a $0.095 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.14 annualized dividend and a dividend yield of 7.51%.
A hedge fund recently raised its stake 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 Form 13F filing with the SEC. The firm owned 329,715 shares of the company’s stock after buying an additional 43,552 shares during the period. Dimensional Fund Advisors LP owned about 1.22% of Whitestone Reit worth $3,960,000 at the end of the most recent reporting period.
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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