Swiss National Bank purchased a new position in shares of Whitestone REIT (NYSE:WSR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 65,700 shares of the real estate investment trust’s stock, valued at approximately $947,000. Swiss National Bank owned approximately 0.17% of Whitestone REIT as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of WSR. Principal Financial Group Inc. bought a new stake in Whitestone REIT in the 3rd quarter valued at $3,791,000. Bank of New York Mellon Corp lifted its position in Whitestone REIT by 75.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 574,802 shares of the real estate investment trust’s stock valued at $7,500,000 after acquiring an additional 247,970 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Whitestone REIT by 975.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 199,946 shares of the real estate investment trust’s stock valued at $2,610,000 after acquiring an additional 181,347 shares in the last quarter. Northern Trust Corp lifted its position in Whitestone REIT by 32.1% in the 2nd quarter. Northern Trust Corp now owns 423,099 shares of the real estate investment trust’s stock valued at $5,183,000 after acquiring an additional 102,867 shares in the last quarter. Finally, State Street Corp lifted its position in Whitestone REIT by 17.6% in the 2nd quarter. State Street Corp now owns 671,188 shares of the real estate investment trust’s stock valued at $8,223,000 after acquiring an additional 100,637 shares in the last quarter. 54.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whitestone REIT (NYSE WSR) opened at $10.88 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.88 and a current ratio of 0.88. Whitestone REIT has a 52-week low of $10.45 and a 52-week high of $15.15. The company has a market cap of $418.74, a PE ratio of 49.45 and a beta of 0.94.
Whitestone REIT (NYSE:WSR) last issued its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.22). Whitestone REIT had a return on equity of 2.49% and a net margin of 6.62%. The business had revenue of $33.83 million for the quarter, compared to the consensus estimate of $33.59 million. sell-side analysts anticipate that Whitestone REIT will post 1.02 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, June 13th. Shareholders of record on Monday, June 4th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, June 1st. This represents a $1.14 annualized dividend and a yield of 10.48%. Whitestone REIT’s dividend payout ratio (DPR) is presently 518.18%.
In other Whitestone REIT news, VP Christine J. Mastandrea purchased 2,500 shares of the business’s stock in a transaction on Monday, March 5th. The shares were purchased at an average cost of $10.65 per share, with a total value of $26,625.00. Following the transaction, the vice president now directly owns 112,013 shares of the company’s stock, valued at approximately $1,192,938.45. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.29% of the company’s stock.
Several equities research analysts recently commented on WSR shares. SunTrust Banks cut shares of Whitestone REIT from a “hold” rating to a “sell” rating and set a $10.00 price objective on the stock. in a research report on Friday, March 2nd. B. Riley reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 12th. Maxim Group cut their price objective on shares of Whitestone REIT from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, March 5th. ValuEngine cut shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Finally, Zacks Investment Research cut shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.60.
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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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