Whitestone REIT (NYSE:WSR) Stake Cut by UBS Group AG
UBS Group AG decreased its stake in Whitestone REIT (NYSE:WSR) by 39.2% during the first quarter, Holdings Channel reports. The fund owned 10,936 shares of the real estate investment trust’s stock after selling 7,056 shares during the period. UBS Group AG’s holdings in Whitestone REIT were worth $151,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WSR. Hancock Holding Co. raised its position in Whitestone REIT by 13.8% in the first quarter. Hancock Holding Co. now owns 614,170 shares of the real estate investment trust’s stock valued at $8,500,000 after buying an additional 74,420 shares during the last quarter. Rational Advisors LLC purchased a new position in Whitestone REIT during the first quarter valued at approximately $2,021,000. HL Financial Services LLC raised its position in Whitestone REIT by 3.4% in the first quarter. HL Financial Services LLC now owns 28,692 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 935 shares during the last quarter. Schnieders Capital Management LLC raised its position in Whitestone REIT by 4.5% in the first quarter. Schnieders Capital Management LLC now owns 10,475 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 450 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Whitestone REIT by 21.3% in the first quarter. Parametric Portfolio Associates LLC now owns 49,240 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 8,648 shares during the last quarter. 35.92% of the stock is owned by institutional investors.
Shares of Whitestone REIT (WSR) traded down 0.46% during mid-day trading on Thursday, hitting $12.85. 15,946 shares of the stock were exchanged. The company has a 50-day moving average price of $12.62 and a 200-day moving average price of $12.98. The stock has a market cap of $495.02 million, a price-to-earnings ratio of 89.24 and a beta of 0.92. Whitestone REIT has a 12 month low of $10.80 and a 12 month high of $15.38.
Whitestone REIT (NYSE:WSR) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.68 million. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.36%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. Equities analysts expect that Whitestone REIT will post $0.28 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, August 3rd will be given a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date of this dividend is Tuesday, August 1st. Whitestone REIT’s payout ratio is 876.99%.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 26th. ValuEngine raised shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. BidaskClub raised shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Maxim Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Whitestone REIT in a research note on Wednesday, June 14th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Whitestone REIT in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.25.
Whitestone REIT Company Profile
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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