American International Group Inc. boosted its stake in shares of Whitestone REIT (NYSE:WSR) by 7.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,157 shares of the real estate investment trust’s stock after buying an additional 1,105 shares during the period. American International Group Inc.’s holdings in Whitestone REIT were worth $224,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. Schnieders Capital Management LLC boosted its stake in shares of Whitestone REIT by 4.5% in the first quarter. Schnieders Capital Management LLC now owns 10,475 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 450 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Whitestone REIT by 21.4% in the first quarter. Bank of Montreal Can now owns 14,581 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 2,570 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Whitestone REIT during the first quarter worth about $260,000. HL Financial Services LLC boosted its stake in shares of Whitestone REIT by 3.4% in the first quarter. HL Financial Services LLC now owns 28,692 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 935 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Whitestone REIT during the fourth quarter worth about $552,000. 36.87% of the stock is owned by institutional investors and hedge funds.
Shares of Whitestone REIT (NYSE:WSR) traded up 1.00% on Wednesday, hitting $13.09. The stock had a trading volume of 97,019 shares. The stock’s 50-day moving average price is $12.69 and its 200 day moving average price is $12.95. The company has a market cap of $504.27 million, a PE ratio of 90.90 and a beta of 0.92. Whitestone REIT has a 52 week low of $10.80 and a 52 week high of $15.34.
Whitestone REIT (NYSE:WSR) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.36%. The company had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.68 million. During the same period in the previous year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, analysts predict that Whitestone REIT will post $0.28 EPS for the current year.
The company also recently declared a monthly dividend, which was paid on Friday, August 11th. Investors of record on Thursday, August 3rd were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $1.14 annualized dividend and a yield of 8.80%. Whitestone REIT’s payout ratio is currently 876.99%.
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WSR has been the subject of a number of recent analyst reports. Zacks Investment Research cut Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. Robert W. Baird cut Whitestone REIT from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $15.00 to $10.00 in a research report on Wednesday, May 17th. FBR & Co reaffirmed an “outperform” rating and set a $14.00 target price on shares of Whitestone REIT in a research report on Tuesday, July 11th. Maxim Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Whitestone REIT in a research report on Wednesday, June 14th. Finally, ValuEngine cut Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $14.25.
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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