Whitestone REIT (WSR) Set to Announce Earnings on Wednesday

Whitestone REIT (NYSE:WSR) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Whitestone REIT to post earnings of $0.25 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Whitestone REIT Trading Down 0.1 %

Shares of WSR stock opened at $11.37 on Monday. The stock has a market cap of $568.02 million, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 1.86 and a beta of 1.19. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.53. Whitestone REIT has a fifty-two week low of $8.21 and a fifty-two week high of $13.12. The firm’s 50 day moving average price is $11.89 and its two-hundred day moving average price is $11.65.

Whitestone REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.0413 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.35%. Whitestone REIT’s payout ratio is currently 128.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WSR shares. Truist Financial upgraded shares of Whitestone REIT from a “hold” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $13.50 in a research note on Tuesday, January 16th. B. Riley restated a “neutral” rating on shares of Whitestone REIT in a research report on Friday, February 2nd. JMP Securities restated a “market outperform” rating and set a $15.00 price target on shares of Whitestone REIT in a research report on Wednesday, April 10th. Finally, Alliance Global Partners started coverage on shares of Whitestone REIT in a research report on Monday, March 18th. They set a “buy” rating and a $15.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.63.

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.