A number of other analysts have also commented on the company. Boenning Scattergood reaffirmed a buy rating on shares of Whitestone REIT in a research note on Friday, November 2nd. JMP Securities increased their price objective on Whitestone REIT from $13.50 to $14.00 and gave the company a buy rating in a research note on Wednesday, September 26th. Zacks Investment Research lowered Whitestone REIT from a strong-buy rating to a hold rating in a research note on Tuesday, August 21st. Finally, ValuEngine raised Whitestone REIT from a sell rating to a hold rating in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Whitestone REIT presently has a consensus rating of Hold and an average target price of $13.58.
WSR opened at $14.01 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94. The firm has a market cap of $554.43 million, a P/E ratio of 11.21 and a beta of 0.99. Whitestone REIT has a 52 week low of $10.06 and a 52 week high of $15.15.
The firm also recently announced a monthly dividend, which will be paid on Thursday, December 13th. Investors of record on Tuesday, December 4th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $1.14 annualized dividend and a yield of 8.14%. Whitestone REIT’s dividend payout ratio (DPR) is presently 91.20%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WSR. BlackRock Inc. purchased a new position in Whitestone REIT during the second quarter worth about $70,760,000. Bank of New York Mellon Corp purchased a new position in Whitestone REIT during the second quarter worth about $7,804,000. Dimensional Fund Advisors LP purchased a new position in Whitestone REIT during the second quarter worth about $7,110,000. KBC Group NV purchased a new position in Whitestone REIT during the second quarter worth about $2,562,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in Whitestone REIT during the second quarter worth about $2,426,000. Hedge funds and other institutional investors own 49.75% of the company’s stock.
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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