Whitestone REIT (NYSE:WSR) Announces Quarterly Earnings Results

Whitestone REIT (NYSE:WSR) posted its earnings results on Monday. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.17, Zacks reports. Whitestone REIT had a return on equity of 4.98% and a net margin of 13.97%. Whitestone REIT updated its FY 2025 guidance to 1.030-1.070 EPS.

Whitestone REIT Price Performance

Shares of Whitestone REIT stock traded down $0.01 during trading on Monday, hitting $13.57. 263,901 shares of the company’s stock traded hands, compared to its average volume of 265,496. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market cap of $687.27 million, a PE ratio of 33.10, a PEG ratio of 2.13 and a beta of 1.26. The firm’s fifty day moving average price is $13.59 and its 200 day moving average price is $13.81.

Whitestone REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Monday, March 3rd. Whitestone REIT’s payout ratio is 131.71%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WSR. JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of Whitestone REIT in a report on Tuesday, December 10th. Truist Financial increased their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Finally, StockNews.com started coverage on Whitestone REIT in a research note on Monday, February 24th. They set a “hold” rating on the 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.