Whitestone REIT (NYSE:WSR) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.25.

WSR has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. Robert W. Baird downgraded shares of Whitestone REIT from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $15.00 to $10.00 in a research report on Wednesday, May 17th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Whitestone REIT in a research report on Monday, May 22nd. ValuEngine downgraded shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Maxim Group reiterated a “buy” rating and set a $20.00 target price on shares of Whitestone REIT in a research report on Wednesday, June 14th.

Whitestone REIT (NYSE:WSR) traded up 0.39% during midday trading on Tuesday, reaching $12.86. 61,301 shares of the company’s stock traded hands. The firm has a market cap of $489.40 million, a price-to-earnings ratio of 102.88 and a beta of 0.90. The stock’s 50 day moving average price is $12.34 and its 200 day moving average price is $13.05. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $16.30.

Whitestone REIT (NYSE:WSR) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. Whitestone REIT had a net margin of 4.11% and a return on equity of 1.69%. The company had revenue of $28.27 million for the quarter, compared to analyst estimates of $28.03 million. Equities research analysts anticipate that Whitestone REIT will post $0.27 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, August 3rd will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $1.14 annualized dividend and a yield of 8.90%. Whitestone REIT’s payout ratio is 876.99%.

Hedge funds have recently bought and sold shares of the company. Schnieders Capital Management LLC raised its stake in Whitestone REIT by 4.5% in the first quarter. Schnieders Capital Management LLC now owns 10,475 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 450 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Whitestone REIT by 8.8% in the second quarter. Capital Investment Advisors LLC now owns 12,300 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,000 shares during the last quarter. AE Wealth Management LLC purchased a new stake in Whitestone REIT during the first quarter valued at about $160,000. Bank of Montreal Can raised its stake in Whitestone REIT by 21.4% in the first quarter. Bank of Montreal Can now owns 14,581 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 2,570 shares during the last quarter. Finally, American International Group Inc. raised its stake in Whitestone REIT by 7.3% in the first quarter. American International Group Inc. now owns 16,157 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 1,105 shares during the last quarter. Hedge funds and other institutional investors own 35.40% 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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