Whitestone REIT (WSR) to Release Earnings on Wednesday

Whitestone REIT (NYSE:WSR) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Whitestone REIT Stock Performance

NYSE:WSR opened at $14.05 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.57. Whitestone REIT has a twelve month low of $9.18 and a twelve month high of $14.54. The company has a fifty day moving average of $13.48 and a 200-day moving average of $13.02. The firm has a market capitalization of $703.09 million, a P/E ratio of 45.31, a P/E/G ratio of 2.39 and a beta of 1.26.

Whitestone REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be paid a $0.0413 dividend. This represents a $0.50 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, December 3rd. Whitestone REIT’s dividend payout ratio (DPR) is currently 161.29%.

Insiders Place Their Bets

In related news, Director Julia Bruns Buthman purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average cost of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Truist Financial raised their target price on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. StockNews.com started coverage on Whitestone REIT in a research note on Saturday. They issued a “hold” rating for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $15.00 target price on shares of Whitestone REIT in a research report on Thursday, September 19th. Two 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 stock has an average rating of “Moderate Buy” and an average price target of $15.00.

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.