Whitestone REIT (NYSE:WSR) Declares $0.04 Monthly Dividend

Whitestone REIT (NYSE:WSR) announced a monthly dividend on Monday, June 10th, NASDAQ reports. Investors of record on Friday, July 5th will be paid a dividend of 0.0413 per share by the real estate investment trust on Thursday, July 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, July 5th.

Whitestone REIT has raised its dividend by an average of 10.1% per year over the last three years. Whitestone REIT has a dividend payout ratio of 47.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Whitestone REIT to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 44.6%.

Whitestone REIT Trading Up 0.2 %

Shares of WSR stock opened at $13.21 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a market cap of $659.97 million, a PE ratio of 27.52, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27. The company has a 50-day moving average of $12.70 and a two-hundred day moving average of $12.35. Whitestone REIT has a 1-year low of $9.07 and a 1-year high of $13.49.

Whitestone REIT (NYSE:WSR) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). The company had revenue of $37.16 million for the quarter, compared to analysts’ expectations of $38.00 million. Whitestone REIT had a return on equity of 5.77% and a net margin of 16.64%. During the same period last year, the business earned $0.24 EPS. On average, analysts predict that Whitestone REIT will post 1.03 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on WSR shares. 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 on the stock. JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of Whitestone REIT in a research report on Friday, June 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.