Ladenburg Thalmann Financial Services Reiterates Hold Rating for Whitestone REIT (NYSE:WSR)

Ladenburg Thalmann Financial Services restated their hold rating on shares of Whitestone REIT (NYSE:WSR) in a research report report published on Thursday, November 30th.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Whitestone REIT from a hold rating to a sell rating in a research report on Friday, August 18th. ValuEngine lowered Whitestone REIT from a buy rating to a hold rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $14.67.

Shares of Whitestone REIT (NYSE:WSR) traded down $0.04 during trading hours on Thursday, hitting $14.46. The stock had a trading volume of 231,100 shares, compared to its average volume of 405,759. The company has a market capitalization of $558.06, a P/E ratio of 11.15 and a beta of 1.02. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.82 and a current ratio of 0.82. Whitestone REIT has a 1 year low of $10.80 and a 1 year high of $14.98.

Whitestone REIT (NYSE:WSR) last announced its quarterly 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 firm had revenue of $33.70 million for the quarter, compared to the consensus estimate of $32.78 million. Whitestone REIT had a return on equity of 2.22% and a net margin of 5.77%. The company’s quarterly revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. sell-side analysts expect that Whitestone REIT will post 1.02 EPS for the current year.

The business also recently disclosed a monthly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, November 3rd were paid a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 7.88%. The ex-dividend date was Thursday, November 2nd. Whitestone REIT’s payout ratio is 670.59%.

Several large investors have recently bought and sold shares of WSR. Vanguard Group Inc. raised its holdings in shares of Whitestone REIT by 8.0% in the second quarter. Vanguard Group Inc. now owns 3,641,643 shares of the real estate investment trust’s stock worth $44,610,000 after buying an additional 269,793 shares during the period. PVG Asset Management Corp increased its holdings in shares of Whitestone REIT by 284.4% in the 2nd quarter. PVG Asset Management Corp now owns 978,814 shares of the real estate investment trust’s stock valued at $11,990,000 after acquiring an additional 724,157 shares during the period. State Street Corp increased its holdings in shares of 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 during the period. Bank of New York Mellon Corp increased its holdings in shares of 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 during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Whitestone REIT by 4.7% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 554,500 shares of the real estate investment trust’s stock valued at $6,793,000 after acquiring an additional 25,000 shares during the period. 49.97% of the stock is owned by institutional investors and hedge funds.

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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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