Whitestone REIT (WSR) Getting Somewhat Negative News Coverage, Report Finds

News headlines about Whitestone REIT (NYSE:WSR) have been trending somewhat negative recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Whitestone REIT earned a coverage optimism score of -0.01 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.043045392824 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Whitestone REIT (WSR) traded up $0.14 during mid-day trading on Friday, hitting $10.74. 569,451 shares of the stock traded hands, compared to its average volume of 431,516. Whitestone REIT has a one year low of $10.45 and a one year high of $15.15. The firm has a market cap of $421.24, a price-to-earnings ratio of 51.14 and a beta of 0.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.84.

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Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.22). Whitestone REIT had a net margin of 6.62% and a return on equity of 2.49%. The firm had revenue of $33.83 million during the quarter, compared to analyst estimates of $33.59 million. sell-side analysts predict that Whitestone REIT will post 1.02 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, June 13th. Stockholders of record on Monday, June 4th will be issued a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 10.61%. The ex-dividend date of this dividend is Friday, June 1st. Whitestone REIT’s dividend payout ratio (DPR) is 542.86%.

A number of research firms have commented on WSR. B. Riley set a $13.00 target price on shares of Whitestone REIT and gave the stock a “buy” rating in a report on Monday, March 5th. Zacks Investment Research raised shares of Whitestone REIT from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a report on Thursday, November 30th. ValuEngine lowered shares of Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Finally, Maxim Group decreased their price target on shares of Whitestone REIT from $20.00 to $16.00 and set a “buy” rating for the company in a report on Monday, March 5th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Whitestone REIT presently has a consensus rating of “Hold” and a consensus target price of $12.60.

In related news, VP Christine J. Mastandrea acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were acquired at an average cost of $10.65 per share, with a total value of $26,625.00. Following the transaction, the vice president now owns 112,013 shares of the company’s stock, valued at approximately $1,192,938.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.29% of the company’s stock.

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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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