Whitestone REIT (WSR) to Release Earnings on Wednesday

Whitestone REIT (NYSE:WSR) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Whitestone REIT to post earnings of $0.25 per share for the quarter. Whitestone REIT has set its FY 2024 guidance at 0.980-1.040 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The company had revenue of $37.16 million during the quarter, compared to the consensus estimate of $38.00 million. Whitestone REIT had a return on equity of 5.77% and a net margin of 16.64%. During the same period last year, the company posted $0.24 EPS. On average, analysts expect Whitestone REIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Whitestone REIT Stock Down 1.7 %

WSR stock opened at $13.71 on Tuesday. The stock has a market capitalization of $684.70 million, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.26 and a beta of 1.27. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.51. Whitestone REIT has a 12 month low of $9.07 and a 12 month high of $14.48. The firm has a 50-day moving average price of $13.32 and a 200-day moving average price of $12.56.

Whitestone REIT Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 11th. Stockholders of record on Monday, July 8th were issued a $0.0413 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a dividend yield of 3.75%. This is a boost from Whitestone REIT’s previous dividend of $0.04. Whitestone REIT’s dividend payout ratio is 104.17%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a report on Friday, June 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.63.

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.