Whitestone REIT (NYSE:WSR) Shares Gap Up – Time to Buy?

Whitestone REIT (NYSE:WSR)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $12.56, but opened at $13.76. Whitestone REIT shares last traded at $13.2840, with a volume of 121,194 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Whitestone REIT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Whitestone REIT Stock Up 5.9%

The company’s fifty day moving average price is $12.46 and its 200-day moving average price is $12.49. The stock has a market cap of $678.28 million, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.91 and a beta of 0.95. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.41 and a current ratio of 2.41.

Whitestone REIT (NYSE:WSR) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $41.05 million during the quarter, compared to analyst estimates of $39.21 million. Whitestone REIT had a net margin of 28.16% and a return on equity of 10.15%. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. Equities analysts forecast that Whitestone REIT will post 0.99 EPS for the current year.

Whitestone REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 11th. Investors of record on Monday, December 1st will be paid a $0.045 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, December 1st. Whitestone REIT’s dividend payout ratio (DPR) is currently 63.53%.

About Whitestone REIT

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities.