Whitestone REIT (WSR) Expected to Announce Earnings on Monday

Whitestone REIT (NYSE:WSR) will likely be releasing its earnings data after the market closes on Monday, March 3rd. Analysts expect Whitestone REIT to post earnings of $0.11 per share and revenue of $38.77 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Whitestone REIT Price Performance

NYSE:WSR opened at $13.62 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. The company has a 50-day moving average of $13.61 and a 200-day moving average of $13.80. Whitestone REIT has a 52 week low of $10.77 and a 52 week high of $15.36. The company has a market capitalization of $689.55 million, a price-to-earnings ratio of 33.21, a PEG ratio of 2.13 and a beta of 1.26.

Whitestone REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Monday, March 3rd. Whitestone REIT’s dividend payout ratio is 131.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WSR shares. StockNews.com assumed coverage on Whitestone REIT in a research note on Monday, February 24th. They issued a “hold” rating on the stock. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a research report on Tuesday, December 10th. Finally, Truist Financial lifted their price objective on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 29th.

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.