Whitestone REIT (WSR) Scheduled to Post Quarterly Earnings on Wednesday

Whitestone REIT (NYSE:WSR) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Whitestone REIT to post earnings of $0.25 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Whitestone REIT Price Performance

Shares of NYSE:WSR opened at $14.05 on Wednesday. The company has a market capitalization of $703.09 million, a P/E ratio of 45.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26. The company’s 50-day moving average is $13.48 and its 200 day moving average is $13.02. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.93 and a current ratio of 1.93. Whitestone REIT has a fifty-two week low of $9.18 and a fifty-two week high of $14.54.

Whitestone REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 3.52%. The ex-dividend date is Tuesday, December 3rd. Whitestone REIT’s dividend payout ratio is currently 161.29%.

Insider Buying and Selling

In related news, Director Julia Bruns Buthman purchased 5,000 shares of Whitestone REIT stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of $12.99 per share, for a total transaction of $64,950.00. Following the completion of the transaction, the director now owns 8,093 shares in the company, valued at $105,128.07. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on WSR. Truist Financial lifted their price target on shares of Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. StockNews.com started coverage on Whitestone REIT in a research note on Saturday. They issued a “hold” rating on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $15.00 price target on shares of Whitestone REIT in a research note on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.00.

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.