Whitestone REIT (NYSE:WSR) Shares Gap Down to $10.98

Shares of Whitestone REIT (NYSE:WSRGet Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $10.98, but opened at $10.51. Whitestone REIT shares last traded at $10.57, with a volume of 884 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WSR shares. B. Riley reissued a “neutral” rating on shares of Whitestone REIT in a research note on Thursday, May 5th. JMP Securities raised Whitestone REIT from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research note on Thursday, July 7th.

Whitestone REIT Price Performance

The stock has a market cap of $514.57 million, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The stock has a fifty day simple moving average of $10.95 and a 200-day simple moving average of $11.68. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.59.

Whitestone REIT (NYSE:WSRGet Rating) last released its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Whitestone REIT had a net margin of 12.55% and a return on equity of 4.24%. During the same period last year, the business posted $0.23 earnings per share. As a group, equities research analysts expect that Whitestone REIT will post 0.82 EPS for the current year.

Whitestone REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Thursday, December 1st. Whitestone REIT’s payout ratio is presently 141.18%.

About Whitestone REIT

(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.