Whitestone REIT (NYSE:WSR) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Whitestone REIT (NYSE:WSR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.70 and traded as high as $13.76. Whitestone REIT shares last traded at $13.7350, with a volume of 125,868 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Whitestone REIT has a consensus rating of “Buy” and a consensus price target of $15.50.

Whitestone REIT Stock Performance

The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.44. The company has a market cap of $700.76 million, a P/E ratio of 16.16 and a beta of 0.82. The business’s 50 day simple moving average is $13.13 and its 200 day simple moving average is $12.70.

Whitestone REIT (NYSE:WSR) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $41.05 million during the quarter, compared to analyst estimates of $39.21 million. Whitestone REIT had a net margin of 28.16% and a return on equity of 10.10%. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. Sell-side analysts predict that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

Whitestone REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, March 16th. Whitestone REIT’s payout ratio is presently 67.06%.

Whitestone REIT declared that its board has approved a share buyback program on Friday, December 19th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

About Whitestone REIT

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.