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Whitestone REIT (NYSE:WSR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday. The firm currently has a $16.00 price target on the stock. Zacks‘s price target points to a potential upside of 7.82% from the company’s current price.

Shares of Whitestone REIT (NYSE:WSR) traded down 0.07% on Monday, hitting $14.83. The stock had a trading volume of 41,592 shares. Whitestone REIT has a 1-year low of $12.86 and a 1-year high of $17.08. The stock has a 50-day moving average of $14.43 and a 200-day moving average of $14.06. The company has a market cap of $332.3 million and a price-to-earnings ratio of 57.30.

Whitestone REIT (NYSE:WSR) last announced its earnings results on Monday, May 5th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.03. During the same quarter last year, the company posted $0.23 earnings per share. On average, analysts predict that Whitestone REIT will post $1.15 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which is scheduled for Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 7.68%. The ex-dividend date is Thursday, August 28th.

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.

To view Zacks’ full report, visit Zacks’ official website.

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