Shares of Whitestone REIT (NYSE:WSR) have been given an average rating of “Hold” by the seven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.33.
Several brokerages have recently issued reports on WSR. Zacks Investment Research cut shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. B. Riley cut shares of Whitestone REIT from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $15.00 to $13.00 in a research note on Friday, March 1st. Boenning Scattergood reaffirmed a “buy” rating on shares of Whitestone REIT in a research note on Friday, March 1st. Maxim Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Whitestone REIT in a research note on Friday, March 1st. Finally, ValuEngine cut shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th.
A hedge fund recently bought a new stake in Whitestone REIT stock. Bank of New York Mellon Corp bought a new position in Whitestone REIT (NYSE:WSR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 625,299 shares of the real estate investment trust’s stock, valued at approximately $7,804,000. Bank of New York Mellon Corp owned 1.57% of Whitestone REIT at the end of the most recent reporting period. Institutional investors own 56.58% of the company’s stock.
Shares of WSR opened at $11.90 on Friday. The company has a market capitalization of $474.46 million, a PE ratio of 10.09 and a beta of 1.15. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.04 and a current ratio of 2.01. Whitestone REIT has a 12-month low of $10.06 and a 12-month high of $14.65.
The company also recently announced a monthly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, March 4th were issued a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 9.58%. The ex-dividend date was Friday, March 1st.
About Whitestone REIT
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "E-Commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provides daily necessities, needed services and entertainment to the communities in which they are located.
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