Vanguard Group Inc. boosted its position in shares of Whitestone REIT (NYSE:WSR) by 2.9% during the first quarter, Holdings Channel reports. The firm owned 3,371,850 shares of the real estate investment trust’s stock after buying an additional 93,822 shares during the period. Vanguard Group Inc. owned 0.09% of Whitestone REIT worth $46,666,000 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 the stock. Schnieders Capital Management LLC raised its stake in shares of 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 worth $145,000 after buying an additional 450 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Whitestone REIT during the first quarter worth about $160,000. Bank of Montreal Can raised its stake in shares of 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 in the last quarter. American International Group Inc. raised its stake in shares of Whitestone REIT by 7.3% in the first quarter. American International Group Inc. now owns 16,157 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 1,105 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Whitestone REIT during the first quarter worth about $260,000. Institutional investors and hedge funds own 35.92% of the company’s stock.

Whitestone REIT (WSR) traded down 0.866% during mid-day trading on Friday, reaching $12.709. 99,766 shares of the company were exchanged. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $15.34. The stock’s 50-day moving average price is $12.64 and its 200-day moving average price is $12.98. The stock has a market capitalization of $489.59 million, a price-to-earnings ratio of 88.257 and a beta of 0.92.

Whitestone REIT (NYSE:WSR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The company 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%. Whitestone REIT’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. On average, equities research analysts anticipate that Whitestone REIT will post $0.28 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, August 3rd will be given a $0.095 dividend. This represents a $1.14 annualized dividend and a yield of 8.89%. The ex-dividend date is Tuesday, August 1st. Whitestone REIT’s dividend payout ratio is currently 876.99%.

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A number of brokerages have recently issued reports on WSR. ValuEngine raised shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. 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. BidaskClub raised shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a research note on Monday, May 22nd. Finally, Maxim Group reissued a “buy” rating and set a $20.00 target price on shares of Whitestone REIT in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus 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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Institutional Ownership by Quarter for Whitestone REIT (NYSE:WSR)

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