|Bid||13.72 x 800|
|Ask||13.74 x 800|
|Day's Range||13.69 - 13.79|
|52 Week Range||11.50 - 14.65|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||25.24|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||1.14 (8.45%)|
|1y Target Est||13.00|
Whitestone REIT (WSR) (“Whitestone” or the “Company”) continues to execute its strategic plan with the closing on the sale of three Houston non-core properties owned in a joint venture for a total sale price of $39.7 million. The sale represents a capitalization rate of 6.8% on trailing twelve month net operating income and the company expects to record a gain on sale of approximately $14 million in the fourth quarter, and net proceeds received were $12.3 million, after closing costs and repayment of debt. Whitestone expects to receive an $11 million cash distribution from its stake in the joint venture as a result of the sale, and will recycle the capital to invest in existing assets including developments and redevelopments.
If you own shares in Whitestone REIT (NYSE:WSR) then it's worth thinking about how it contributes to the volatility of...
Whitestone REIT (WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the third quarter ended September 30, 2019 after the market close on Wednesday, October 30, 2019.
Whitestone REIT (WSR) (“Whitestone” or the “Company”) announced the 100% lease up completion of a pad site at Fulton Ranch Towne Center property in Chandler, Arizona. Purchased in 2014 at a 7.4% cap rate, the property included vacant land that Whitestone earmarked for development. Joining us at the property are Costa Vida, Jersey Mike’s, and Egg & Joe.
Whitestone REIT (WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a monthly cash dividend of $0.095 per share on the Company’s common shares and operating partnership units. Jim Mastandrea, Chairman and Chief Executive Officer, commented, “We are pleased to announce Whitestone’s 110th, 111th, and 112th consecutive monthly dividend distributions. Whitestone’s ‘e-commerce resistant’, service-focused, value-added small entrepreneurial tenant base business strategy continues to produce positive cash flow while increasing the intrinsic value of the real estate in our portfolio.
Whitestone REIT (WSR) (“Whitestone” or the “Company”) today announced that on August 8, 2019, the Plaintiff gave voluntary notice of dismissal in the case Canion v. Mastandrea, et al. In addition, on August 14, 2019, the Plaintiff voluntarily dismissed the case Clark, et al. v. Whitestone REIT, et al. Both of these cases – a consolidated class action lawsuit and derivative action lawsuit – were before the U.S. District Court for the Southern District of Texas, Houston Division. “We are pleased that both of these baseless lawsuits have been dropped by the respective Plaintiffs,” stated Jim Mastandrea, Chairman and Chief Executive Officer of Whitestone REIT.
Whitestone REIT (WSR) (“Whitestone” or the “Company”) today announced the recently completed, 6,853 square foot, multi-tenant pad site at the Anthem Marketplace property in Arizona is now 100% leased. The new development is expected to generate an annual unlevered return on total cost of 10.5%, with tenant lease terms averaging 7.5 years. Jim Mastandrea, Chairman and Chief Executive Officer, commented, “This completion demonstrates the value-add component of Whitestone REIT’s ‘e-commerce resistant’ business strategy.
[Editor's note: This story was previously published in June 2019. It has since been updated and republished.]Do you ever wish your dividend stocks paid out monthly rather than quarterly? For income-oriented investors who cover their monthly expenses with dividend income, it would certainly be a convenient option.Such stocks to buy actually do exist. In fact, they're more common than many investors may realize. They're also not crimped by catches and restrictions, and their underlying income is driven by very ordinary business models. They look just like their quarterly counterparts.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 of the Most Shorted Stocks in the Markets Right Now With that as the backdrop, here's a rundown of 10 high-yield monthly dividend stocks to buy from a variety of industries and sectors. Some are more familiar names than others, and some are bigger than others. Not all of them have been around for a great length of time either.In all ten cases, however, there's an attractive monthly payout in store for the foreseeable future. In no particular order… Capitala Finance (CPTA)Dividend Yield: 10.49%Capitala Finance (NASDAQ:CPTA) primarily provides capital to smaller companies, via a combination of loans and equity investments. Its average funding ranges between $10 million and $50 million, offering investors a chance to plug into small-company opportunities that wouldn't otherwise be availableSource: Shutterstock Capitala's strength is its diversity. It owns stakes in companies from the retailing, biotech, industrial, technology and consumer industries just to name a few. Its most recent investment was a piece of a human anatomy app company called Visible Body, which helps medical students and caregivers better understand how the human body physically fits together.More than that, Capitala Finance is yielding a hefty 10.49% right now. Stellus Capital Investment (SCM)Dividend Yield: 9.42%Also add Stellus Capital Investment (NYSE:SCM) to your list of monthly dividend stocks to scoop up if you're looking for regular monthly income.Source: Shutterstock Like Capitala Finance, Stellus is categorized as a business development company. And also like Capitala, Stellus is focused on so-called "middle market" outfits that may be too big or too risky for traditional loans but too small to raise funds by going public.Its portfolio includes food distributor GoodSource Solutions, home-health product provider Compass Health and business software outfit Valued Relationships Inc, just to name a few. * 7 A-Rated Stocks Under $10 It's arguably a little less risky than Capitala, in that most of its investment are in companies currently yielding a (very) positive EBITDA. The trade-off is a lower dividend yield. AGNC Investment (AGNC)Dividend Yield: 11.23%AGNC Investment (NASDAQ:AGNC) is a real estate investment trust, or REIT, primarily focused on the development of a mortgage portfolio.The bulk of the mortgages it owns are made by government-sponsored outfits like Fannie Mae and Freddie Mac. It's a lower-risk approach toward driving monthly income, though still an effective one.AGNC presently yields 11.23% thanks to the stock's 10.7% slide over the last year.That pullback was largely rooted in fears that rising interest rates would crimp AGNC Investment's future cash flows, as higher interest rates are presumed to tend to crimp overall lending activity.That's only partly accurate. Higher rates can do mortgage REITs more good than harm if the underlying reason for rising rates is a strong economy. Whitestone REIT (WSR)Dividend Yield: 8.89%REITs, by the way, are pools of money that allow individuals liquid access to real estate investments that wouldn't otherwise be available to most retail investors. And a portfolio of mortgages is hardly the only way to develop a REIT.Case in point: Whitestone REIT (NYSE:WSR). Whitestone owns a portfolio of consumer-oriented real estate, primarily in more affluent neighborhoods, providing space to "ecommerce-resistant" companies like Whole Foods Market, Verizon (wireless phone service) and True Food Kitchen restaurants.It's a brilliant strategy, as its more than 3o% top-line growth from 2016 to 2018 shows. Whitestone's forward yield is approaching 9%, which isn't the highest among the monthly dividend stocks in focus, though it's a solid return relative to the risk shareholders are assuming. * 7 Stocks to Buy With Over 20% Upside From Current Levels Prospect Capital (PSEC)Dividend Yield: 11.11%It's not the biggest business development company in the world, but somehow Prospect Capital (NASDAQ:PSEC) is still one of the best known.Source: Shutterstock Its portfolio includes several familiar names like JD Power, Capstone Logistics, ACE Cash Express and video media company Cinedigm, just to name a few.It's diversity that has helped smooth out the BDC's bottom line from time to time when it might otherwise be erratic.Either way, the market and analysts may be underestimating the true potential of Prospect. The company has met or topped earnings estimates in four of its past five quarters. Between that and its trailing dividend yield of 11.11%, PSEC may be a smart risk to take. Solar Senior Capital (SUNS)Dividend Yield: 8.49%Don't let the name fool you. Solar Senior Capital (NASDAQ:SUNS) doesn't specialize in providing capital to the solar power industry.It is another business development company, and like Prospect and Capitala, it's highly diversified in terms of industry exposure.There is a noteworthy difference between Solar Senior Capital and its BDC peers, however.The organization focuses primarily on senior secured loans of privately owned middle-market companies, which better positions it to, if nothing else, preserve capital. * 7 Semiconductor Stocks to Buy for Your Inner Geek The trade-off for safety is yield. Solar Senior is only paying out 8.8% of the stock's current price as an annualized dividend. And it's been paying it, and adding to it, faithfully since 2011. Gladstone Investment (GAIN)Dividend Yield: 7.19%Gladstone Investment (NASDAQ:GAIN) is a business development company, but it's unlike most other BDCs (and unlike any other monthly dividend stocks being discussed within this list).Source: Shutterstock Whereas most of these investment companies seek to make loans, Gladstone is ultimately aiming to acquire smaller but mature companies.It's a riskier proposition, as investors have learned the hard way. The company missed its quarterly earnings estimate at the end of 2018 and shareholders have paid the price. GAIN lost about 12.4% of its value last year and missed its Q2 earnings estimate. You've gotta be cautious.There's just something compelling about the growth potential in ownership rather than merely lending. Cross Timbers Royalty Trust (CRT)Dividend Yield: 10.42%They're a relatively rare breed these days, but oil and gas royalty investments are still around and still dishing out dividend income. Cross Timbers Royalty Trust (NYSE:CRT) is one of the remaining names of the ilk.Source: Shutterstock An investment in Cross Timbers is predominantly an investment in oil and gas producing properties found in Texas, Oklahoma and New Mexico. Yes, the fluctuating price of oil and natural gas can impact the trust's bottom line, although not as much as you might think. * 7 Oversold Stocks To Buy Right Now The organization is merely plugged into the production of established and operational wells, and isn't directly taking on the expensive risk of exploration. Global Net Lease (GNL)Dividend Yield: 10.75%Global Net Lease (NYSE:GNL) is another REIT, primarily serving the commercial market.It owns properties in the United States and Europe, and rents to quality tenants like FedEx, Family Dollar and ING Bank, organizations that can not only reliably pay their rent as it comes due, but outfits that tend to stay put once they establish roots.There's a bit of a twist Global Net Lease brings to the table that allows it to juice its payout to its current yield of 10.75%, however. It also acquires much of its rental real estate through an arrangement called a sale-leaseback.In simplest terms, a sale-leaseback lets a property-owning company free up the value of real estate by selling a space it owns to a landlord like Global Net Lease, and then remain in that space as a tenant. It's a win-win scenario, as the renter enjoys a big cash infusion and Global Net Lease has a tenant already lined up. Horizon Technology Finance (HRZN)Dividend Yield: 9.92%Finally, Horizon Technology Finance (NASDAQ:HRZN) has earned a spot on a list of monthly dividend stocks to buy.As the name suggests, Horizon Technology Finance provides capital to young, upcoming technology outfits, though it doesn't cater strictly to the tech sector.It's also heavily involved in the development of life science and biotechnology companies.Its portfolio includes biotech names like AccuVein and Celsion, along with traditional tech plays like cybersecurity company Control Scan and communications technology player Xtera.Its results are as erratic as what you'd expect from major technology names, but it's worth the wild ride. Horizon's yielding 10.3% at its current price, and it has not had any sustained trouble affording its dividend payment. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors The post 10 High-Yield Monthly Dividend Stocks to Buy appeared first on InvestorPlace.
-Increase in Net Income Attributable to Whitestone of 70% From Prior Year Quarter to $3.3 Million--Anthem Marketplace Pad Site Development Completed--Affirms 2019 Full Year.
Whitestone REIT (NYSE:WSR) is about to trade ex-dividend in the next 4 days. You can purchase shares before the 1st of...
Whitestone REIT (WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the second quarter ended June 30, 2019 after the market close on Wednesday, July 31, 2019. To listen to a live webcast of the conference call, click on the Investor Relations tab of the Company’s website, www.whitestonereit.com, and then click on the webcast link. A replay of the call will be available on Whitestone’s website via the webcast link until the Company’s next earnings release.
Whitestone REIT (NYSE:WSR), which is in the reits business, and is based in United States, saw its share price hover...
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Whitestone REIT (“Whitestone” or “the Company”) (NYSE: WSR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK, NY / ACCESSWIRE / June 17, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. The complaint alleges that during the Class Period, defendants made materially false and misleading statements and/or failed to disclose adverse information regarding Apple's business and prospects.
NEW YORK, June 17, 2019 -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a.
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Whitestone REIT (“Whitestone” or “the Company”) (WSR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between May 9, 2018 and February 27, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before June 17, 2019.
NEW YORK, June 16, 2019 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Whitestone REIT (NYSE: WSR) from May 9, 2018 through.
NEW YORK, NY / ACCESSWIRE / June 16, 2019 / Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Whitestone REIT (NYSE: WSR) from May 9, 2018 through February 27, ...
NEW YORK, June 14, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Whitestone REIT, Fusion.
Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Whitestone REIT (WSR) from May 9, 2018 through February 27, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Whitestone investors under the federal securities laws. To join the Whitestone class action, go to http://pawarlawgroup.com/cases/whitestone-reit/ or call Vik Pawar, Esq.