Positive News Coverage Somewhat Unlikely to Affect Whitestone REIT (WSR) Stock Price
News headlines about Whitestone REIT (NYSE:WSR) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Whitestone REIT earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.1678229327187 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
WSR has been the topic of several recent research reports. FBR & Co reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Whitestone REIT in a research note on Tuesday, July 11th. BidaskClub raised shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research lowered shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 26th. ValuEngine raised shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Whitestone REIT in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Whitestone REIT presently has an average rating of “Buy” and an average price target of $14.67.
Shares of Whitestone REIT (NYSE WSR) remained flat at $13.37 during midday trading on Monday. 243,112 shares of the stock traded hands. Whitestone REIT has a one year low of $10.80 and a one year high of $14.78. The stock has a market cap of $515.05 million, a price-to-earnings ratio of 92.85 and a beta of 0.94. The stock has a 50-day moving average of $13.30 and a 200-day moving average of $12.69.
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 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 business had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.68 million. During the same quarter last year, the company earned $0.32 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. Equities analysts predict that Whitestone REIT will post $0.28 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, November 3rd will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.14 annualized dividend and a yield of 8.53%. Whitestone REIT’s dividend payout ratio is currently 876.99%.
In related news, Director Paul T. Lambert bought 3,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $12.29 per share, for a total transaction of $36,870.00. Following the purchase, the director now directly owns 51,918 shares in the company, valued at $638,072.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.29% of the stock is owned by company insiders.
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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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