Somewhat Positive Press Coverage Somewhat Unlikely to Impact Whitestone REIT (WSR) Stock Price
News articles about Whitestone REIT (NYSE:WSR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Whitestone REIT earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.9179850549046 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Whitestone REIT (WSR) stands 0.23% away from 50 SMA: Technical … – Voice Of Analysts (analystsbuzz.com)
- Why It’s Plain Stupid to Buy These 4 High-Yield REITs Now (finance.yahoo.com)
- Whitestone REIT (WSR) Declares $0.10 Monthly Dividend (americanbankingnews.com)
- Whitestone REIT Plans Monthly Dividend of $0.10 (WSR) (americanbankingnews.com)
Shares of Whitestone REIT (WSR) remained flat at $12.86 during mid-day trading on Friday. 251,182 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $12.85 and a 200 day moving average price of $12.74. The firm has a market capitalization of $495.41 million, a PE ratio of 91.86 and a beta of 0.93. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $14.78.
Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The business had revenue of $30.20 million for the quarter, compared to analyst estimates of $30.68 million. Whitestone REIT had a net margin of 4.36% and a return on equity of 1.69%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. On average, equities analysts forecast that Whitestone REIT will post $0.28 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, November 3rd will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.14 annualized dividend and a dividend yield of 8.86%. Whitestone REIT’s payout ratio is 876.99%.
A number of research firms have commented on WSR. Zacks Investment Research cut Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Whitestone REIT in a research note on Friday, August 18th. ValuEngine upgraded Whitestone REIT from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. BidaskClub upgraded Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, Maxim Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Whitestone REIT in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.25.
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In other Whitestone REIT news, Director Paul T. Lambert bought 3,000 shares of Whitestone REIT stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $12.29 per share, for a total transaction of $36,870.00. Following the acquisition, the director now owns 51,918 shares of the company’s stock, valued at approximately $638,072.22. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.29% of the company’s stock.
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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