Whitestone REIT (NYSE:WSR) Releases FY 2024 Earnings Guidance

Whitestone REIT (NYSE:WSR) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.980-1.040 for the period, compared to the consensus estimate of 1.010. The company issued revenue guidance of -.

Whitestone REIT Trading Down 0.8 %

WSR stock traded down $0.11 during mid-day trading on Wednesday, reaching $14.05. The company had a trading volume of 303,736 shares, compared to its average volume of 322,440. The company has a market capitalization of $703.34 million, a PE ratio of 45.32, a price-to-earnings-growth ratio of 2.34 and a beta of 1.26. The firm has a 50 day moving average of $13.58 and a 200 day moving average of $13.12. Whitestone REIT has a 12 month low of $9.47 and a 12 month high of $14.54. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.93 and a quick ratio of 1.93.

Whitestone REIT Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WSR. StockNews.com began coverage on Whitestone REIT in a report on Sunday. They set a “hold” rating for the company. JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of Whitestone REIT in a research note on Thursday, September 19th. Finally, Truist Financial lifted 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. Two equities research 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Insider Buying and Selling

In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $12.99 per share, with a total value of $64,950.00. Following the acquisition, the director now directly owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.50% of the company’s stock.

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.