Silver Capital Management LLC boosted its stake in shares of Whitestone REIT (NYSE:WSR) by 2.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 33,480 shares of the company’s stock after buying an additional 680 shares during the period. Whitestone REIT accounts for approximately 1.9% of Silver Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Silver Capital Management LLC owned about 0.12% of Whitestone REIT worth $464,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Whitestone REIT by 366.1% in the second quarter. BlackRock Inc. now owns 8,319 shares of the company’s stock valued at $125,000 after buying an additional 6,534 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Whitestone REIT during the second quarter valued at about $127,000. First Trust Advisors LP purchased a new position in Whitestone REIT during the second quarter valued at about $164,000. Nomura Holdings Inc. purchased a new position in Whitestone REIT during the second quarter valued at about $170,000. Finally, Lakeview Capital Partners LLC purchased a new position in Whitestone REIT during the second quarter valued at about $170,000. Institutional investors and hedge funds own 43.12% of the company’s stock.
Whitestone REIT (NYSE:WSR) opened at 13.90 on Wednesday. Whitestone REIT has a 12-month low of $9.77 and a 12-month high of $16.30. The company has a 50-day moving average price of $13.95 and a 200 day moving average price of $14.13. The company has a market cap of $406.60 million, a PE ratio of 43.71 and a beta of 0.95.
The business also recently announced a monthly dividend, which will be paid on Friday, February 10th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.095 per share. The ex-dividend date is Wednesday, February 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.20%. Whitestone REIT’s payout ratio is 345.47%.
Separately, Zacks Investment Research upgraded Whitestone REIT from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Saturday, November 5th.
About Whitestone REIT
Whitestone REIT is a real estate investment trust. The Company owns, manages and redevelops retail properties, which are referred to as Community Centered Properties. As of June 30, 2016, the Company owned and operated 69 commercial properties consisting of 47 retail properties containing approximately 4.1 million square feet of gross leasable area; four office properties containing approximately 0.5 million square feet of gross leasable area, and 10 office/flex properties containing approximately 1.1 million square feet of gross leasable area.
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