Analysts Set Whitestone REIT (NYSE:WSR) PT at $16.00

Whitestone REIT (NYSE:WSR) has earned a consensus rating of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is $16.00.

A number of analysts have commented on the stock. Truist Financial upped their target price on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. LADENBURG THALM/SH SH assumed coverage on shares of Whitestone REIT in a research report on Tuesday. They set a “buy” rating and a $17.00 price objective for the company. Citigroup reaffirmed a “market outperform” rating on shares of Whitestone REIT in a report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Whitestone REIT in a research report on Monday, December 29th.

Whitestone REIT Stock Up 0.7%

WSR stock opened at $14.09 on Tuesday. The company has a market cap of $718.87 million, a price-to-earnings ratio of 16.58 and a beta of 0.81. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.74 and a current ratio of 1.74. The business’s 50-day moving average is $13.54 and its two-hundred day moving average is $12.84. Whitestone REIT has a fifty-two week low of $11.43 and a fifty-two week high of $14.77.

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

Whitestone REIT Announces Dividend

The business 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 dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. Whitestone REIT’s payout ratio is presently 63.53%.

Whitestone REIT declared that its Board of Directors has authorized a stock repurchase plan on Friday, December 19th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 7.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors 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.