Equities research analysts at BMO Capital Markets reduced their price objective on shares of Whitestone REIT (NYSE:WSR) from $17.00 to $15.00 in a research note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 10.54% from the stock’s previous close.
Whitestone REIT (NYSE:WSR) opened at 13.57 on Tuesday. Whitestone REIT has a 52-week low of $12.07 and a 52-week high of $17.85. The stock has a 50-day moving average of $14.31 and a 200-day moving average of $15.69. The company has a market cap of $233.3 million and a price-to-earnings ratio of 308.41.
Whitestone REIT (NYSE:WSR) last announced its earnings results on Monday, August 5th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $14.80 million for the quarter, compared to the consensus estimate of $15.11 million. On average, analysts predict that Whitestone REIT will post $1.03 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, December 11th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.10 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date of this dividend is Wednesday, November 27th.
Whitestone REIT is a real estate investment trust (NYSE:WSR) engaged in owning and operating commercial properties in culturally diverse markets in the metropolitan areas.
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