Whitestone REIT (NYSE:WSR) Releases FY 2022 Earnings Guidance

Whitestone REIT (NYSE:WSRGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.98-$1.02 for the period. The company issued revenue guidance of -.

A number of research analysts have recently commented on the company. StockNews.com assumed coverage on Whitestone REIT in a research note on Thursday, March 31st. They issued a hold rating for the company. Colliers Securities assumed coverage on Whitestone REIT in a research note on Wednesday, April 6th. They issued a buy rating and a $15.00 price target for the company. B. Riley reiterated a neutral rating on shares of Whitestone REIT in a research note on Thursday, May 5th. Finally, Zacks Investment Research upgraded Whitestone REIT from a sell rating to a hold rating in a research note on Wednesday, May 4th.

Shares of WSR traded down $0.27 during trading hours on Tuesday, reaching $11.32. The stock had a trading volume of 29,273 shares, compared to its average volume of 535,079. Whitestone REIT has a 12 month low of $7.56 and a 12 month high of $13.66. The stock has a market capitalization of $556.33 million, a PE ratio of 31.32, a PEG ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.58 and a current ratio of 2.21. The company’s 50-day moving average is $12.89 and its two-hundred day moving average is $11.08.

Whitestone REIT (NYSE:WSRGet Rating) last announced its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Whitestone REIT had a return on equity of 4.06% and a net margin of 13.58%. During the same period in the prior year, the business earned $0.23 EPS. Equities analysts anticipate that Whitestone REIT will post 0.79 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 14th. Investors of record on Thursday, June 2nd will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, June 1st. Whitestone REIT’s dividend payout ratio is currently 129.73%.

In related news, Director Jeffrey Alan Jones bought 6,250 shares of the stock in a transaction that occurred on Tuesday, March 22nd. The stock was acquired at an average cost of $9.55 per share, with a total value of $59,687.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is owned by company insiders.

Whitestone REIT Company Profile (Get Rating)

Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences.

Featured Articles

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.