Schwab Charles Investment Management Inc. Acquires 31,236 Shares of Whitestone REIT (WSR)
Schwab Charles Investment Management Inc. lifted its holdings in shares of Whitestone REIT (NYSE:WSR) by 21.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,628 shares of the real estate investment trust’s stock after buying an additional 31,236 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.45% of Whitestone REIT worth $2,517,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its stake in shares of Whitestone REIT by 17.6% during the 2nd quarter. State Street Corp now owns 671,188 shares of the real estate investment trust’s stock valued at $8,223,000 after buying an additional 100,637 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Whitestone REIT by 75.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 574,802 shares of the real estate investment trust’s stock valued at $7,500,000 after buying an additional 247,970 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Whitestone REIT by 13.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 515,434 shares of the real estate investment trust’s stock valued at $6,726,000 after buying an additional 62,884 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Whitestone REIT during the 3rd quarter valued at approximately $3,791,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Whitestone REIT by 975.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 199,946 shares of the real estate investment trust’s stock valued at $2,610,000 after buying an additional 181,347 shares in the last quarter. Institutional investors own 54.41% of the company’s stock.
WSR has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Whitestone REIT from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Whitestone REIT in a research note on Thursday, November 30th. B. Riley set a $13.00 target price on shares of Whitestone REIT and gave the stock a “buy” rating in a research note on Monday, March 5th. SunTrust Banks cut shares of Whitestone REIT from a “hold” rating to a “sell” rating and set a $10.00 target price on the stock. in a research note on Friday, March 2nd. Finally, Maxim Group lowered their target price on shares of Whitestone REIT from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, March 5th. Three analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Whitestone REIT presently has a consensus rating of “Hold” and an average price target of $12.60.
Shares of Whitestone REIT (NYSE:WSR) opened at $10.26 on Friday. Whitestone REIT has a 52 week low of $10.20 and a 52 week high of $15.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.84. The stock has a market cap of $407.12, a P/E ratio of 48.86 and a beta of 0.94.
Whitestone REIT (NYSE:WSR) last posted its earnings results on Thursday, March 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.22). Whitestone REIT had a return on equity of 2.49% and a net margin of 6.62%. The firm had revenue of $33.83 million during the quarter, compared to analysts’ expectations of $33.59 million. equities analysts anticipate that Whitestone REIT will post 1.02 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, June 13th. Shareholders of record on Monday, June 4th will be paid a $0.095 dividend. This represents a $1.14 annualized dividend and a yield of 11.11%. The ex-dividend date of this dividend is Friday, June 1st. Whitestone REIT’s dividend payout ratio is presently 542.86%.
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Whitestone REIT 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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