Whitestone REIT (NYSE:WSR) Short Interest Down 20.3% in May

Whitestone REIT (NYSE:WSRGet Rating) saw a large decrease in short interest in May. As of May 31st, there was short interest totalling 876,600 shares, a decrease of 20.3% from the May 15th total of 1,100,000 shares. Based on an average daily trading volume, of 425,700 shares, the short-interest ratio is presently 2.1 days.

WSR traded down $0.27 during trading on Thursday, reaching $10.63. The stock had a trading volume of 16,605 shares, compared to its average volume of 523,611. The stock’s 50 day moving average is $12.23 and its two-hundred day moving average is $11.47. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $522.43 million, a price-to-earnings ratio of 28.95, a P/E/G ratio of 1.72 and a beta of 1.19. Whitestone REIT has a one year low of $7.56 and a one year high of $13.66.

Whitestone REIT (NYSE:WSRGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). Whitestone REIT had a net margin of 13.58% and a return on equity of 4.06%. During the same period in the previous year, the firm earned $0.23 EPS. On average, equities research analysts predict that Whitestone REIT will post 0.82 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 14th. Investors of record on Tuesday, September 6th will be paid a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Friday, September 2nd. Whitestone REIT’s dividend payout ratio (DPR) is presently 129.73%.

A number of brokerages recently weighed in on WSR. Colliers Securities began coverage on shares of Whitestone REIT in a report on Wednesday, April 6th. They set a “buy” rating and a $15.00 target price for the company. B. Riley reiterated a “neutral” rating on shares of Whitestone REIT in a report on Thursday, May 5th. Finally, StockNews.com began coverage on shares of Whitestone REIT in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

In related news, Director Jeffrey Alan Jones purchased 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, March 22nd. The stock was purchased at an average price of $9.55 per share, with a total value of $59,687.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Whitestone REIT Company Profile (Get Rating)

Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences.

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