Somewhat Positive Media Coverage Somewhat Unlikely to Impact Whitestone REIT (WSR) Stock Price

Media coverage about Whitestone REIT (NYSE:WSR) has trended somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Whitestone REIT earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 45.6407098566664 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

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

Shares of Whitestone REIT (NYSE:WSR) traded up 0.23% during mid-day trading on Friday, hitting $12.85. 363,200 shares of the company were exchanged. Whitestone REIT has a 52 week low of $10.80 and a 52 week high of $15.34. The company has a 50 day moving average of $12.66 and a 200 day moving average of $12.98. The company has a market capitalization of $495.02 million, a P/E ratio of 89.24 and a beta of 0.92.

Whitestone REIT (NYSE:WSR) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $30.20 million during the quarter, compared to analyst estimates of $30.68 million. Whitestone REIT had a net margin of 4.36% and a return on equity of 1.69%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. Equities analysts anticipate that Whitestone REIT will post $0.28 earnings per share for the current year.

The firm also recently announced a monthly dividend, which was paid on Friday, August 11th. Investors of record on Thursday, August 3rd were given 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 8.87%. Whitestone REIT’s dividend payout ratio (DPR) is 876.99%.

A number of analysts recently commented on the stock. Robert W. Baird cut shares of Whitestone REIT from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $15.00 to $10.00 in a research note on Wednesday, May 17th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Whitestone REIT in a research note on Monday, May 22nd. Zacks Investment Research cut shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 26th. ValuEngine upgraded shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Whitestone REIT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $14.25.

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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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