Russell Investments Group Ltd. Has $167,000 Position in Whitestone REIT (NYSE:WSR)
Russell Investments Group Ltd. cut its position in shares of Whitestone REIT (NYSE:WSR) by 68.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,083 shares of the real estate investment trust’s stock after selling 26,289 shares during the period. Russell Investments Group Ltd.’s holdings in Whitestone REIT were worth $167,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westwood Management Corp IL raised its position in Whitestone REIT by 9.4% in the first quarter. Westwood Management Corp IL now owns 116,000 shares of the real estate investment trust’s stock worth $1,605,000 after buying an additional 10,000 shares during the last quarter. Bank of Montreal Can raised its position in Whitestone REIT by 21.4% in the first quarter. Bank of Montreal Can now owns 14,581 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 2,570 shares during the last quarter. Teachers Advisors LLC raised its position in Whitestone REIT by 9.8% in the fourth quarter. Teachers Advisors LLC now owns 45,051 shares of the real estate investment trust’s stock worth $648,000 after buying an additional 4,027 shares during the last quarter. Numeric Investors LLC raised its position in Whitestone REIT by 7.5% in the fourth quarter. Numeric Investors LLC now owns 14,400 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 1,000 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Whitestone REIT by 1.5% in the fourth quarter. AQR Capital Management LLC now owns 117,997 shares of the real estate investment trust’s stock worth $1,697,000 after buying an additional 1,721 shares during the last quarter. 35.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whitestone REIT (WSR) opened at 12.57 on Friday. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $16.30. The company has a 50 day moving average price of $12.04 and a 200-day moving average price of $13.24. The stock has a market capitalization of $478.36 million, a P/E ratio of 100.56 and a beta of 0.91.
Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.25 by $0.07. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.11%. The firm had revenue of $28.27 million for the quarter, compared to analysts’ expectations of $28.03 million. On average, equities research analysts forecast that Whitestone REIT will post $0.26 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date is Tuesday, August 1st. Whitestone REIT’s payout ratio is currently 876.99%.
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A number of research firms have recently issued reports on WSR. FBR & Co reissued an “outperform” rating and issued a $14.00 target price on shares of Whitestone REIT in a report on Tuesday, July 11th. Maxim Group reissued a “buy” rating and issued a $20.00 target price on shares of Whitestone REIT in a report on Wednesday, June 14th. ValuEngine lowered Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised Whitestone REIT from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Thursday, May 25th. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.25.
About Whitestone REIT
Whitestone REIT is a real estate investment trust. The Company is engaged in owning and operating commercial properties in culturally diverse markets in various metropolitan areas. The Company’s acquisition targets are located in densely populated, culturally diverse neighborhoods, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.
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