State of New Jersey Common Pension Fund D increased its stake in Whitestone REIT (NYSE:WSR) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 554,500 shares of the real estate investment trust’s stock after buying an additional 25,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Whitestone REIT were worth $6,793,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Schnieders Capital Management LLC increased its stake 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 period. HL Financial Services LLC increased its stake 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 period. Capital Investment Advisors LLC increased its stake in Whitestone REIT by 8.8% in the second quarter. Capital Investment Advisors LLC now owns 12,300 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,000 shares during the period. Asset Management One Co. Ltd. increased its stake in Whitestone REIT by 1.6% in the first quarter. Asset Management One Co. Ltd. now owns 65,760 shares of the real estate investment trust’s stock valued at $900,000 after buying an additional 1,054 shares during the period. Finally, American International Group Inc. increased its stake in 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 valued at $224,000 after buying an additional 1,105 shares during the period. 35.92% of the stock is currently owned by institutional investors and hedge funds.

Whitestone REIT (NYSE:WSR) opened at 12.85 on Friday. Whitestone REIT has a one year low of $10.80 and a one year high of $15.34. The company has a market capitalization of $495.02 million, a P/E ratio of 89.24 and a beta of 0.92. The stock’s 50 day moving average price is $12.66 and its 200-day moving average price is $12.98.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.05. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.36%. The business had revenue of $30.20 million for the quarter, compared to the consensus estimate of $30.68 million. During the same period last year, the business posted $0.32 EPS. The business’s revenue was up 20.2% compared to the same quarter last year. Equities analysts forecast that Whitestone REIT will post $0.28 EPS for the current year.

The business also recently declared a monthly dividend, which was paid on Friday, August 11th. Stockholders of record on Thursday, August 3rd were issued a $0.095 dividend. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.87%. Whitestone REIT’s dividend payout ratio is presently 876.99%.

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Several equities research analysts have commented on the company. Robert W. Baird downgraded Whitestone REIT from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $15.00 to $10.00 in a report on Wednesday, May 17th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a report on Monday, May 22nd. Zacks Investment Research downgraded Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 26th. ValuEngine raised Whitestone REIT from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised Whitestone REIT from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Whitestone REIT presently has an average rating of “Buy” and a consensus target price 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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Institutional Ownership by Quarter for Whitestone REIT (NYSE:WSR)

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