Whitestone REIT (WSR) Downgraded to “Sell” at SunTrust Banks
SunTrust Banks downgraded shares of Whitestone REIT (NYSE:WSR) from a hold rating to a sell rating in a research report report published on Friday morning, MarketBeat reports. They currently have $10.00 target price on the real estate investment trust’s stock.
Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Whitestone REIT from a sell rating to a hold rating in a research report on Thursday, February 15th. Ladenburg Thalmann Financial Services reissued a hold rating on shares of Whitestone REIT in a research report on Thursday, November 30th. Finally, B. Riley reissued a buy rating and set a $15.00 target price on shares of Whitestone REIT in a research report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $13.80.
Whitestone REIT (NYSE WSR) traded down $1.55 during trading on Friday, reaching $10.86. 2,101,320 shares of the company’s stock were exchanged, compared to its average volume of 300,797. The firm has a market cap of $477.62, a price-to-earnings ratio of 51.71 and a beta of 0.94. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.82 and a current ratio of 0.82. Whitestone REIT has a 52-week low of $10.46 and a 52-week high of $15.15.
The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.14 annualized dividend and a dividend yield of 10.50%. Whitestone REIT’s payout ratio is 542.86%.
Several large investors have recently bought and sold shares of WSR. Teachers Advisors LLC increased its holdings 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 purchasing an additional 20,404 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Whitestone REIT during the 2nd quarter worth about $229,000. Nationwide Fund Advisors increased its holdings 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 purchasing an additional 7,618 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Whitestone REIT by 59.7% during the 2nd quarter. New York State Common Retirement Fund now owns 39,300 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 14,699 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Whitestone REIT by 32.1% during the 2nd quarter. Northern Trust Corp now owns 423,099 shares of the real estate investment trust’s stock worth $5,183,000 after purchasing an additional 102,867 shares during the period. Institutional investors own 54.89% of the company’s stock.
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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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