Whitestone REIT to Post Q3 2024 Earnings of $0.24 Per Share, B. Riley Forecasts (NYSE:WSR)

Whitestone REIT (NYSE:WSR) – Equities research analysts at B. Riley issued their Q3 2024 earnings estimates for shares of Whitestone REIT in a report released on Monday, September 16th. B. Riley analyst J. Massocca forecasts that the real estate investment trust will post earnings of $0.24 per share for the quarter. The consensus estimate for Whitestone REIT’s current full-year earnings is $1.03 per share. B. Riley also issued estimates for Whitestone REIT’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $0.99 EPS and FY2025 earnings at $1.03 EPS.

Several other research firms have also recently weighed in on WSR. Truist Financial lifted their price target on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. JMP Securities reiterated a “market outperform” rating and set a $15.00 target price 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Whitestone REIT Trading Down 0.8 %

WSR stock opened at $13.11 on Thursday. The company has a fifty day moving average price of $13.46 and a two-hundred day moving average price of $12.74. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market cap of $656.29 million, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27. Whitestone REIT has a one year low of $9.07 and a one year high of $14.48.

Whitestone REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.0413 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Tuesday, December 3rd. Whitestone REIT’s dividend payout ratio is 104.17%.

Insider Activity at Whitestone REIT

In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of Whitestone REIT stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of $12.99 per share, with a total value of $64,950.00. Following the completion of the purchase, the director now directly owns 8,093 shares in the company, valued at approximately $105,128.07. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.50% of the stock is currently owned by company insiders.

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.