Maxim Group Initiates Coverage on Whitestone REIT (WSR)
Equities research analysts at Maxim Group began coverage on shares of Whitestone REIT (NYSE:WSR) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $17.50 price target on the stock. Maxim Group’s target price would indicate a potential upside of 14.75% from the stock’s previous close.
Separately, analysts at Zacks upgraded shares of Whitestone REIT from a “neutral” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $16.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Whitestone REIT has a consensus rating of “Buy” and an average price target of $16.80.
Shares of Whitestone REIT (NYSE:WSR) opened at 15.25 on Friday. Whitestone REIT has a one year low of $12.86 and a one year high of $17.08. The stock has a 50-day moving average of $14.71 and a 200-day moving average of $14.19. The company has a market cap of $341.8 million and a P/E ratio of 58.96.
Whitestone REIT (NYSE:WSR) last announced its earnings results on Monday, May 5th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.03. During the same quarter in the prior 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 declared a monthly dividend, which is scheduled for Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date of this dividend 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.
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