Whitestone REIT (NYSE:WSR) Given Neutral Rating at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH reaffirmed their neutral rating on shares of Whitestone REIT (NYSE:WSRFree Report) in a report published on Thursday,Benzinga reports.

WSR has been the topic of several other reports. Citigroup reaffirmed a “market outperform” rating on shares of Whitestone REIT in a research note on Tuesday, January 6th. B. Riley Financial raised Whitestone REIT from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Friday, March 6th. Truist Financial reaffirmed a “hold” rating and issued a $19.00 price objective (up from $17.00) on shares of Whitestone REIT in a research note on Thursday. Maxim Group reaffirmed a “hold” rating on shares of Whitestone REIT in a research note on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Check Out Our Latest Research Report on WSR

Whitestone REIT Stock Up 11.8%

Shares of NYSE:WSR opened at $18.94 on Thursday. The stock’s 50-day moving average price is $15.71 and its two-hundred day moving average price is $14.03. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.39. Whitestone REIT has a 12-month low of $11.43 and a 12-month high of $18.95. The firm has a market cap of $973.11 million, a price-to-earnings ratio of 19.93 and a beta of 0.71.

Whitestone REIT (NYSE:WSRGet Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. Whitestone REIT had a return on equity of 11.23% and a net margin of 31.04%.The firm had revenue of $43.92 million for the quarter, compared to analyst estimates of $41.27 million. Whitestone REIT has set its FY 2026 guidance at 1.100-1.140 EPS. On average, research analysts forecast that Whitestone REIT will post 0.99 EPS for the current year.

Whitestone REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, June 17th. Whitestone REIT’s payout ratio is currently 60.00%.

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

Key Headlines Impacting Whitestone REIT

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About Whitestone REIT

(Get Free Report)

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.

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Analyst Recommendations for Whitestone REIT (NYSE:WSR)

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