Nationwide Fund Advisors increased its stake in shares of Whitestone REIT (NYSE:WSR) by 50.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,828 shares of the real estate investment trust’s stock after acquiring an additional 7,618 shares during the quarter. Nationwide Fund Advisors owned about 0.06% of Whitestone REIT worth $280,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Schnieders Capital Management LLC raised its stake in Whitestone REIT by 7.6% during the 2nd quarter. Schnieders Capital Management LLC now owns 11,275 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 800 shares in the last quarter. HL Financial Services LLC raised its stake in Whitestone REIT by 3.4% during the 2nd quarter. HL Financial Services LLC now owns 29,679 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 987 shares in the last quarter. American International Group Inc. raised its stake in Whitestone REIT by 7.3% during the 1st quarter. American International Group Inc. now owns 16,157 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 1,105 shares in the last quarter. Strs Ohio raised its stake in Whitestone REIT by 9.4% during the 2nd quarter. Strs Ohio now owns 57,858 shares of the real estate investment trust’s stock worth $708,000 after acquiring an additional 4,953 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Whitestone REIT by 2.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 216,182 shares of the real estate investment trust’s stock worth $2,992,000 after acquiring an additional 4,959 shares in the last quarter. Hedge funds and other institutional investors own 42.60% of the company’s stock.
In other Whitestone REIT news, Director Paul T. Lambert acquired 3,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $12.29 per share, for a total transaction of $36,870.00. Following the completion of the purchase, the director now owns 51,918 shares in the company, valued at approximately $638,072.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.29% of the company’s stock.
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Several equities research analysts recently commented on WSR shares. ValuEngine upgraded shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Whitestone REIT in a research note on Friday, August 18th. Finally, BidaskClub upgraded shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. One 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 given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $14.67.
Whitestone REIT (WSR) opened at $14.42 on Friday. The company has a quick ratio of 1.01, a current ratio of 0.82 and a debt-to-equity ratio of 1.87. The company has a market cap of $551.52, a price-to-earnings ratio of 11.02 and a beta of 0.98. Whitestone REIT has a one year low of $10.80 and a one year high of $14.78.
Whitestone REIT (NYSE:WSR) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $33.70 million for the quarter, compared to analyst estimates of $32.78 million. Whitestone REIT had a net margin of 5.77% and a return on equity of 2.22%. Whitestone REIT’s quarterly revenue was up 32.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. equities research analysts anticipate that Whitestone REIT will post 1.02 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, November 3rd will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.14 dividend on an annualized basis and a yield of 7.91%. Whitestone REIT’s dividend payout ratio is presently 670.59%.
Whitestone REIT 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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