Whitestone REIT (NYSE:WSR) Issues Quarterly Earnings Results

Whitestone REIT (NYSE:WSR) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01), FiscalAI reports. The firm had revenue of $41.39 million for the quarter, compared to analysts’ expectations of $41.89 million. Whitestone REIT had a return on equity of 11.23% and a net margin of 31.04%.

Whitestone REIT Trading Up 0.1%

Shares of WSR stock opened at $18.98 on Thursday. The stock has a market cap of $965.73 million, a price-to-earnings ratio of 19.97 and a beta of 0.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.39. Whitestone REIT has a fifty-two week low of $11.43 and a fifty-two week high of $19.01. The firm’s 50 day moving average price is $17.08 and its two-hundred day moving average price is $14.88.

Whitestone REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, June 17th. Whitestone REIT’s payout ratio is 60.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. B. Riley Financial downgraded shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Colliers Securities set a $19.00 price target on shares of Whitestone REIT in a report on Friday, April 10th. Maxim Group reissued a “hold” rating on shares of Whitestone REIT in a research report on Monday, March 2nd. Citizens Jmp cut shares of Whitestone REIT from a “market outperform” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Whitestone REIT in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.50.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.