Whitestone REIT (WSR) Earning Somewhat Positive Press Coverage, Report Finds

Headlines about Whitestone REIT (NYSE:WSR) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Whitestone REIT earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.6407098566664 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern’s rankings:

• $0.26 Earnings Per Share Expected for Whitestone REIT (NYSE:WSR) This Quarter (americanbankingnews.com)
• Whitestone REIT (NYSE:WSR) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
• Whitestone REIT (NYSE:WSR) Sees Unusual Trading Volume in Its Shares – First News 24 (firstnewspaper24.com)
• This 8.7%-Yielding Monthly-Paying REIT Should Be In Everybody’s Dividend Portfolio – Seeking Alpha (seekingalpha.com)
• Whitestone REIT (WSR) RCI Trending Towards a Reversal – Evergreen Caller (evergreencaller.com)

A number of brokerages have weighed in on WSR. Zacks Investment Research downgraded shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub raised shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Whitestone REIT in a research note on Monday, May 22nd. ValuEngine downgraded shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Maxim Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Whitestone REIT in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Whitestone REIT presently has a consensus rating of “Hold” and a consensus price target of $14.25.

Shares of Whitestone REIT (NYSE:WSR) opened at 13.03 on Wednesday. The company has a market capitalization of $495.87 million, a P/E ratio of 104.24 and a beta of 0.90. The company’s 50 day moving average is $12.50 and its 200-day moving average is $13.02. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $16.11.

Whitestone REIT (NYSE:WSR) last posted its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. Whitestone REIT had a net margin of 4.11% and a return on equity of 1.69%. The company had revenue of $28.27 million for the quarter, compared to the consensus estimate of $28.03 million. On average, equities research analysts forecast that Whitestone REIT will post $0.27 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, August 11th. Stockholders of record on Thursday, August 3rd will be paid a $0.095 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.75%. Whitestone REIT’s payout ratio is currently 876.99%.

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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.