Shares of Whitestone REIT (NYSE:WSR) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $13.30.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Whitestone REIT from a “sell” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a report on Thursday, August 9th. ValuEngine upgraded shares of Whitestone REIT from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. JMP Securities upped their price target on shares of Whitestone REIT from $13.50 to $14.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. Finally, Boenning Scattergood assumed coverage on shares of Whitestone REIT in a report on Thursday, July 12th. They set a “buy” rating and a $13.50 price target on the stock.
Shares of NYSE:WSR opened at $13.23 on Thursday. The stock has a market cap of $551.65 million, a P/E ratio of 10.58 and a beta of 0.99. Whitestone REIT has a 12 month low of $10.06 and a 12 month high of $15.15. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.97 and a current ratio of 0.97.
Whitestone REIT (NYSE:WSR) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $33.07 million for the quarter, compared to the consensus estimate of $33.21 million. Whitestone REIT had a net margin of 7.19% and a return on equity of 2.73%. On average, equities analysts forecast that Whitestone REIT will post 1.04 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, December 4th will be given a $0.095 dividend. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $1.14 annualized dividend and a yield of 8.62%. Whitestone REIT’s dividend payout ratio (DPR) is 91.20%.
Institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Whitestone REIT in the 2nd quarter valued at about $437,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Whitestone REIT in the 2nd quarter valued at about $176,000. Bank of New York Mellon Corp purchased a new stake in Whitestone REIT in the 2nd quarter valued at about $7,804,000. Independent Advisor Alliance purchased a new stake in Whitestone REIT in the 2nd quarter valued at about $185,000. Finally, Aperio Group LLC purchased a new stake in Whitestone REIT in the 2nd quarter valued at about $385,000. 50.15% of the stock is owned by institutional investors.
Whitestone REIT Company Profile
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 provide daily necessities, needed services and entertainment to the communities in which they are located.
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