Whitestone REIT (NYSE:WSR) has been given an average recommendation of “Buy” by the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $14.67.

Several analysts have issued reports on WSR shares. ValuEngine raised shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Whitestone REIT from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a research report on Friday, August 18th. FBR & Co reissued an “outperform” rating and set a $14.00 price target on shares of Whitestone REIT in a research report on Tuesday, July 11th. Finally, BidaskClub raised shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th.

Whitestone REIT (NYSE:WSR) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.24. Whitestone REIT had a net margin of 4.36% and a return on equity of 1.69%. The company had revenue of $33.70 million during the quarter, compared to the consensus estimate of $32.78 million. During the same quarter last year, the company earned $0.33 earnings per share. Whitestone REIT’s revenue for the quarter was up 32.2% on a year-over-year basis.

The business also recently declared a monthly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date of this dividend is Thursday, November 2nd. Whitestone REIT’s payout ratio is currently 876.99%.

In related news, Director Paul T. Lambert purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $12.29 per share, with a total value of $36,870.00. Following the completion of the transaction, the director now owns 51,918 shares of the company’s stock, valued at $638,072.22. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.29% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new stake in shares of Whitestone REIT during the second quarter worth approximately $101,000. First Trust Advisors LP acquired a new stake in shares of Whitestone REIT during the third quarter worth approximately $131,000. Schnieders Capital Management LLC grew its position in shares of Whitestone REIT by 7.6% during the second quarter. Schnieders Capital Management LLC now owns 11,275 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 800 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of Whitestone REIT by 8.8% during the second quarter. Capital Investment Advisors LLC now owns 12,300 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 1,000 shares in the last quarter. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Whitestone REIT during the second quarter worth approximately $168,000. 42.90% of the stock is owned by institutional investors and hedge funds.

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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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