Whitestone REIT (WSR) Earning Somewhat Favorable Media Coverage, Accern Reports

Media stories about Whitestone REIT (NYSE:WSR) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Whitestone REIT earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.926143177435 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

A number of research analysts recently issued reports on the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a research report on Friday, August 18th. 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 cut shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, BidaskClub upgraded shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Whitestone REIT currently has an average rating of “Hold” and a consensus target price of $14.67.

Shares of Whitestone REIT (NYSE:WSR) traded down $0.04 during mid-day trading on Friday, hitting $14.43. 1,015,848 shares of the stock were exchanged, compared to its average volume of 412,153. Whitestone REIT has a 52-week low of $10.80 and a 52-week high of $14.78. The company has a market capitalization of $553.05, a price-to-earnings ratio of 11.20 and a beta of 1.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.82 and a quick ratio of 0.82.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Whitestone REIT had a net margin of 5.77% and a return on equity of 2.22%. The firm had revenue of $33.70 million during the quarter, compared to analyst estimates of $32.78 million. During the same period in the previous year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was up 32.2% on a year-over-year basis. sell-side analysts forecast that Whitestone REIT will post 1.02 EPS for the current year.

The business also recently declared a monthly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, November 3rd were paid a $0.095 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.90%. Whitestone REIT’s dividend payout ratio is presently 633.33%.

In related news, Director Paul T. Lambert purchased 3,000 shares of Whitestone REIT stock in a transaction dated Tuesday, August 29th. The stock was purchased 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 directly owns 51,918 shares of the company’s stock, valued at approximately $638,072.22. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.29% of the company’s stock.

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About Whitestone REIT

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.

Insider Buying and Selling by Quarter for Whitestone REIT (NYSE:WSR)

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