Whitestone REIT (WSR) Scheduled to Post Earnings on Wednesday

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

Whitestone REIT Price Performance

Shares of NYSE WSR opened at $11.50 on Wednesday. The stock’s 50-day moving average is $11.98 and its two-hundred day moving average is $11.59. 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 company has a market cap 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.

Whitestone REIT Announces Dividend

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

Wall Street Analyst Weigh In

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