Whitestone REIT (NYSE:WSR) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.67.
A number of equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $15.00 price target on shares of Whitestone REIT in a research report on Tuesday, December 12th. ValuEngine lowered shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Zacks Investment Research lowered shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. JMP Securities lowered their price target on shares of Whitestone REIT from $15.00 to $13.00 and set a “market outperform” rating on the stock in a research report on Thursday, March 29th. Finally, Maxim Group lowered their price target 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.
Shares of WSR stock traded down $0.03 on Friday, reaching $10.47. 259,543 shares of the company were exchanged, compared to its average volume of 359,421. The stock has a market capitalization of $410.65, a P/E ratio of 8.38 and a beta of 1.03. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.84. Whitestone REIT has a 1 year low of $10.06 and a 1 year high of $15.15.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, June 13th. Investors 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 dividend on an annualized basis and a yield of 10.89%. Whitestone REIT’s payout ratio is presently 91.20%.
In other news, VP Christine J. Mastandrea bought 2,500 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were bought at an average cost of $10.65 per share, for a total transaction of $26,625.00. Following the acquisition, the vice president now directly owns 112,013 shares of the company’s stock, valued at approximately $1,192,938.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.29% of the company’s stock.
Large investors have recently bought and sold shares of the business. Prudential Financial Inc. acquired a new position in Whitestone REIT in the 3rd quarter valued at about $826,000. Wells Fargo & Company MN boosted its holdings in Whitestone REIT by 18.8% in the 3rd quarter. Wells Fargo & Company MN now owns 114,678 shares of the real estate investment trust’s stock valued at $1,497,000 after purchasing an additional 18,186 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Whitestone REIT in the 3rd quarter valued at about $3,791,000. Legal & General Group Plc boosted its holdings in Whitestone REIT by 790.8% in the 3rd quarter. Legal & General Group Plc now owns 69,435 shares of the real estate investment trust’s stock valued at $906,000 after purchasing an additional 61,640 shares during the last quarter. Finally, AXA boosted its holdings in Whitestone REIT by 36.4% in the 4th quarter. AXA now owns 150,200 shares of the real estate investment trust’s stock valued at $2,164,000 after purchasing an additional 40,100 shares during the last quarter. Institutional investors own 54.41% of the company’s stock.
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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 mix of national, regional and local tenants provides daily necessities, needed services and entertainment not typically readily available online to their respective communities.
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