SG Americas Securities LLC bought a new position in Whitestone REIT (NYSE:WSR) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 17,071 shares of the real estate investment trust’s stock, valued at approximately $213,000.
Several other institutional investors have also recently added to or reduced their stakes in WSR. Piedmont Investment Advisors LLC purchased a new position in shares of Whitestone REIT in the second quarter worth approximately $115,000. Clear Harbor Asset Management LLC purchased a new position in shares of Whitestone REIT in the second quarter worth approximately $149,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Whitestone REIT in the second quarter worth approximately $176,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Whitestone REIT in the second quarter worth approximately $207,000. Finally, HL Financial Services LLC purchased a new position in shares of Whitestone REIT in the second quarter worth approximately $301,000. 50.15% of the stock is currently owned by institutional investors and hedge funds.
WSR has been the topic of a number of research analyst reports. Boenning Scattergood initiated coverage on shares of Whitestone REIT in a research report on Thursday, July 12th. They set a “buy” rating and a $13.50 price objective on the stock. ValuEngine raised shares of Whitestone REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Zacks Investment Research downgraded shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Finally, JMP Securities set a $14.00 price objective on shares of Whitestone REIT and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $13.58.
Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). Whitestone REIT had a net margin of 7.19% and a return on equity of 2.73%. The company had revenue of $33.07 million for the quarter, compared to analysts’ expectations of $33.21 million. equities research analysts predict that Whitestone REIT will post 1.04 EPS for the current year.
The business also recently disclosed 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. This represents a $1.14 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date is Monday, December 3rd. Whitestone REIT’s payout ratio is presently 91.20%.
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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