Ameriprise Financial Inc. boosted its holdings in Whitestone REIT (NYSE:WSR) by 975.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 199,946 shares of the real estate investment trust’s stock after buying an additional 181,347 shares during the quarter. Ameriprise Financial Inc. owned 0.52% of Whitestone REIT worth $2,610,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Voya Investment Management LLC grew its position in Whitestone REIT by 14.9% in the second quarter. Voya Investment Management LLC now owns 18,495 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 2,394 shares during the last quarter. Commonwealth Equity Services Inc grew its position in Whitestone REIT by 13.9% in the third quarter. Commonwealth Equity Services Inc now owns 40,309 shares of the real estate investment trust’s stock worth $526,000 after buying an additional 4,920 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Whitestone REIT by 20.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 32,309 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 5,489 shares during the last quarter. Teachers Insurance & Annuity Association of America grew its position in Whitestone REIT by 21.1% in the second quarter. Teachers Insurance & Annuity Association of America now owns 38,883 shares of the real estate investment trust’s stock worth $476,000 after buying an additional 6,773 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in Whitestone REIT by 50.1% in the second quarter. Nationwide Fund Advisors now owns 22,828 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 7,618 shares during the last quarter. Hedge funds and other institutional investors own 49.84% of the company’s stock.
A number of equities analysts recently commented on WSR shares. B. Riley reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Whitestone REIT in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of Whitestone REIT from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine raised shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Whitestone REIT in a research note on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.75.
Whitestone REIT (NYSE:WSR) opened at $13.64 on Friday. The company has a market cap of $530.35, a P/E ratio of 80.24 and a beta of 1.02. Whitestone REIT has a 52 week low of $10.80 and a 52 week high of $15.15. 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 issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $33.70 million during 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%. The company’s revenue for the quarter was up 32.2% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. analysts forecast that Whitestone REIT will post 1.02 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date is Friday, February 2nd. Whitestone REIT’s dividend payout ratio (DPR) is currently 670.59%.
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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.
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