Whitestone REIT (WSR) To Go Ex-Dividend on July 5th

Whitestone REIT (NYSE:WSR) declared 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 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, July 5th.

Whitestone REIT has increased its dividend by an average of 10.1% annually over the last three years and has raised its dividend every year for the last 4 years. Whitestone REIT has a payout ratio of 47.2% indicating that its dividend is sufficiently covered by earnings. 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 opened at $13.08 on Wednesday. Whitestone REIT has a 12-month low of $9.07 and a 12-month high of $13.44. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $653.48 million, a price-to-earnings ratio of 27.25, a P/E/G ratio of 2.11 and a beta of 1.24. The stock’s 50-day moving average price is $12.06 and its 200 day moving average price is $12.15.

Whitestone REIT (NYSE:WSR) last released its quarterly earnings data 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). Whitestone REIT had a net margin of 16.64% and a return on equity of 5.77%. The company had revenue of $37.16 million during the quarter, compared to the consensus estimate of $38.00 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. As a group, research analysts predict that Whitestone REIT will post 1.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WSR. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price objective on shares of Whitestone REIT in a report on Wednesday, April 10th. Alliance Global Partners began coverage on Whitestone REIT in a report on Monday, March 18th. They set a “buy” rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.