Whitestone REIT (WSR) To Go Ex-Dividend on October 1st

Whitestone REIT (NYSE:WSR) announced a monthly dividend on Thursday, August 28th. Shareholders of record on Wednesday, October 1st will be paid a dividend of 0.045 per share by the real estate investment trust on Thursday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st.

Whitestone REIT has a dividend payout ratio of 128.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Whitestone REIT to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 51.4%.

Whitestone REIT Price Performance

Shares of WSR opened at $12.49 on Monday. Whitestone REIT has a 1-year low of $11.77 and a 1-year high of $15.36. The stock has a market cap of $637.39 million, a PE ratio of 19.22, a P/E/G ratio of 1.98 and a beta of 0.99. The firm has a 50-day simple moving average of $12.61 and a two-hundred day simple moving average of $12.82. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.41 and a quick ratio of 2.41.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $37.68 million during the quarter, compared to analysts’ expectations of $38.55 million. Whitestone REIT had a net margin of 21.70% and a return on equity of 7.76%. 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 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WSR. Wall Street Zen upgraded shares of Whitestone REIT from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a research note on Wednesday, June 18th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $15.00.

About Whitestone REIT

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.