New York State Common Retirement Fund Has $481,000 Holdings in Whitestone REIT (WSR)
New York State Common Retirement Fund lifted its stake in shares of Whitestone REIT (NYSE:WSR) by 59.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,300 shares of the real estate investment trust’s stock after buying an additional 14,699 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of Whitestone REIT worth $481,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America lifted its position in shares of Whitestone REIT by 21.1% during the 2nd quarter. Teachers Insurance & Annuity Association of America now owns 38,883 shares of the real estate investment trust’s stock worth $476,000 after buying an additional 6,773 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Whitestone REIT by 50.1% during the 2nd quarter. Nationwide Fund Advisors now owns 22,828 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 7,618 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Whitestone REIT during the 2nd quarter worth approximately $229,000. Teachers Advisors LLC lifted its position in shares of Whitestone REIT by 43.6% during the 2nd quarter. Teachers Advisors LLC now owns 67,196 shares of the real estate investment trust’s stock worth $823,000 after buying an additional 20,404 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Whitestone REIT by 10.0% during the 2nd quarter. Alliancebernstein L.P. now owns 353,319 shares of the real estate investment trust’s stock worth $4,328,000 after buying an additional 32,190 shares during the last quarter. Institutional investors and hedge funds own 44.89% of the company’s stock.
In other Whitestone REIT news, Director Paul T. Lambert purchased 3,000 shares of Whitestone REIT stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of $12.29 per share, for a total transaction of $36,870.00. Following the transaction, the director now directly owns 51,918 shares in the company, valued at $638,072.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.29% of the stock is owned by corporate insiders.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 26th. ValuEngine downgraded shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Whitestone REIT in a research report on Friday, August 18th. 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 assigned a strong buy rating to the company’s stock. Whitestone REIT presently has a consensus rating of “Buy” and an average target price of $14.67.
Shares of Whitestone REIT (NYSE:WSR) opened at $14.48 on Tuesday. Whitestone REIT has a 12-month low of $10.80 and a 12-month high of $14.78. The company has a market cap of $554.98, a price-to-earnings ratio of 11.09 and a beta of 0.98. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.82 and a quick ratio of 0.82.
Whitestone REIT (NYSE:WSR) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. Whitestone REIT had a net margin of 5.77% and a return on equity of 2.22%. The firm had revenue of $33.70 million during the quarter, compared to the consensus estimate of $32.78 million. During the same quarter in the prior year, the firm earned $0.33 EPS. Whitestone REIT’s revenue for the quarter was up 32.2% on a year-over-year basis. equities analysts forecast that Whitestone REIT will post 1.02 earnings per share for the current year.
The firm also recently declared a monthly dividend, which was paid on Monday, November 13th. Investors of record on Friday, November 3rd were given a $0.095 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.14 annualized dividend and a yield of 7.87%. Whitestone REIT’s dividend payout ratio (DPR) is 670.59%.
Whitestone REIT 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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