Whitestone REIT (WSR) Releases Earnings Results, Misses Expectations By $0.22 EPS
Whitestone REIT (NYSE:WSR) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.22), Yahoo Finance reports. The firm had revenue of $33.83 million during the quarter, compared to analysts’ expectations of $33.59 million. Whitestone REIT had a return on equity of 2.55% and a net margin of 6.62%.
Shares of Whitestone REIT (WSR) opened at $10.86 on Friday. 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 $10.46 and a 52 week high of $15.15. The stock has a market cap of $477.62, a price-to-earnings ratio of 9.85 and a beta of 0.94.
The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 10.50%. Whitestone REIT’s dividend payout ratio (DPR) is presently 542.86%.
About Whitestone REIT
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.
Receive News & Ratings for Whitestone REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitestone REIT and related companies with MarketBeat.com's FREE daily email newsletter.