Whitestone Reit Plans Monthly Dividend of $0.10 (WSR)

Whitestone Reit (NYSE:WSR) declared a monthly dividend on Tuesday, June 4th, Stock Ratings Network reports. Shareholders of record on Monday, July 1st will be given a dividend of $0.095 per share on Tuesday, July 9th. This represents a $1.14 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend is Thursday, June 27th.

A number of research firms have also recently commented on WSR. Analysts at Wunderlich raised their price target on shares of Whitestone Reit from $18.00 to $19.50 in a research note to investors on Thursday, May 23rd. They now have a “buy” rating on the stock. On the ratings front, analysts at Hilliard Lyons downgraded shares of Whitestone Reit from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, May 8th. Finally, analysts at Hilliard Lyons downgraded shares of Whitestone Reit to a “buy” rating in a research note to investors on Wednesday, March 13th.

Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $16.23.

Whitestone Reit (NYSE: WSR) opened at 16.32 on Wednesday. Whitestone Reit has a 1-year low of $12.07 and a 1-year high of $17.85. The stock’s 50-day moving average is currently $16.70. The company has a market cap of $278.2 million and a price-to-earnings ratio of 1360.00.

Whitestone Reit (NYSE: WSR) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.03. The company had revenue of $13.90 million for the quarter, compared to the consensus estimate of $14.79 million. Analysts expect that Whitestone Reit will post $1.04 EPS for the current fiscal year.

Whitestone REIT is a real estate investment trust (NYSE: WSR) engaged in owning and operating commercial properties in culturally diverse markets in the metropolitan areas.

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