Whitestone REIT (WSR) Scheduled to Post Earnings on Wednesday

Whitestone REIT (NYSE:WSR) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Whitestone REIT Stock Performance

WSR opened at $11.50 on Wednesday. The company has a market capitalization of $574.54 million, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.80 and a quick ratio of 1.80. Whitestone REIT has a 1-year low of $8.21 and a 1-year high of $13.12. The business has a 50 day moving average price of $11.98 and a two-hundred day moving average price of $11.59.

Whitestone REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, June 4th will be given a $0.0413 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.50 dividend on an annualized basis and a yield of 4.30%. Whitestone REIT’s dividend payout ratio (DPR) is 131.58%.

Wall Street Analyst Weigh In

WSR has been the subject of a number of research analyst reports. B. Riley restated a “neutral” rating on shares of Whitestone REIT in a research report on Friday, February 2nd. Truist Financial upgraded Whitestone REIT from a “hold” rating to a “buy” rating and upped their target price for the stock from $11.00 to $13.50 in a research report on Tuesday, January 16th. JMP Securities restated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a research report on Wednesday, April 10th. Finally, Alliance Global Partners assumed coverage on Whitestone REIT in a research report on Monday, March 18th. They set a “buy” rating and a $15.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Whitestone REIT has a consensus rating of “Moderate Buy” and a consensus target price of $13.63.

Whitestone REIT Company Profile

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.