Whitestone REIT (NYSE:WSR) declared a monthly dividend on Friday, December 15th, Wall Street Journal reports. Investors of record on Friday, March 2nd will be paid a dividend of 0.095 per share by the real estate investment trust on Tuesday, March 13th. This represents a $1.14 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Thursday, March 1st.

Whitestone REIT has a payout ratio of 111.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Whitestone REIT to earn $1.07 per share next year, which means the company may not be able to cover its $1.14 annual dividend with an expected future payout ratio of 106.5%.

Whitestone REIT (NYSE:WSR) opened at $14.73 on Friday. The stock has a market capitalization of $558.83, a price-to-earnings ratio of 11.17 and a beta of 1.02. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.82 and a quick ratio of 0.82. Whitestone REIT has a 52 week low of $10.80 and a 52 week high of $14.98.

Whitestone REIT (NYSE:WSR) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. The company had revenue of $33.70 million during the quarter, compared to analyst estimates of $32.78 million. Whitestone REIT had a return on equity of 2.22% and a net margin of 5.77%. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. analysts forecast that Whitestone REIT will post 1.02 earnings per share for the current fiscal year.

WSR has been the subject of a number of recent research reports. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Whitestone REIT in a research note on Friday, August 18th. Zacks Investment Research lowered Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. ValuEngine lowered Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, B. Riley reiterated a “buy” rating and set a $15.00 price objective on shares of Whitestone REIT in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $14.75.

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Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust. The Company is engaged in owning and operating commercial properties in culturally diverse markets in various metropolitan areas. The Company’s acquisition targets are located in densely populated, culturally diverse neighborhoods, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.

Dividend History for Whitestone REIT (NYSE:WSR)

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