Whitestone REIT PT Raised to $19.50 (WSR)
Equities research analysts at Wunderlich boosted their price target on shares of Whitestone REIT (NYSE:WSR) from $17.50 to $19.50 in a research note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Wunderlich’s target price points to a potential upside of 42.44% from the stock’s previous close.
Separately, analysts at BMO Capital Markets cut their price target on shares of Whitestone REIT from $17.00 to $15.00 in a research note to investors on Tuesday. They now have a “market perform” rating on the stock.
Shares of Whitestone REIT (NYSE:WSR) traded up 0.88% on Wednesday, hitting $13.69. The stock had a trading volume of 245,269 shares. Whitestone REIT has a 52-week low of $12.07 and a 52-week high of $17.85. The stock’s 50-day moving average is $14.28 and its 200-day moving average is $15.68. The company has a market cap of $235.4 million and a P/E ratio of 308.41.
Whitestone REIT (NYSE:WSR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $14.80 million for the quarter, compared to the consensus estimate of $15.11 million. On average, analysts predict that Whitestone REIT will post $1.03 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, December 11th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.10 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.33%. The ex-dividend date of this dividend is Wednesday, November 27th.
Whitestone REIT is a real estate investment trust (NYSE:WSR) engaged in owning and operating commercial properties in culturally diverse markets in the metropolitan areas.
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