Whitestone REIT (NYSE:WSR) Reaches New 12-Month High – What’s Next?

Whitestone REIT (NYSE:WSR) shares reached a new 52-week high on Wednesday . The company traded as high as $19.01 and last traded at $19.0050, with a volume of 216083 shares changing hands. The stock had previously closed at $18.95.

Analyst Ratings Changes

Several research analysts have weighed in on WSR shares. Alliance Global Partners cut shares of Whitestone REIT from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Citigroup cut shares of Whitestone REIT from a “market outperform” rating to a “market perform” rating in a report on Friday, April 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Whitestone REIT in a report on Tuesday, April 14th. Citizens Jmp cut shares of Whitestone REIT from a “market outperform” rating to a “hold” rating in a report on Friday, April 10th. Finally, Maxim Group reiterated a “hold” rating on shares of Whitestone REIT in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.50.

Whitestone REIT Stock Up 0.1%

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.39. The stock has a market cap of $965.83 million, a P/E ratio of 19.97 and a beta of 0.80. The firm has a 50-day simple moving average of $17.00 and a two-hundred day simple moving average of $14.83.

Whitestone REIT (NYSE:WSR) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Whitestone REIT had a return on equity of 11.23% and a net margin of 31.04%.The business had revenue of $41.39 million for the quarter, compared to the consensus estimate of $41.89 million. Equities research analysts expect that Whitestone REIT will post 1.13 earnings per share for the current fiscal year.

Whitestone REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be issued a dividend of $0.1425 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.57 annualized dividend and a dividend yield of 3.0%. Whitestone REIT’s dividend payout ratio (DPR) is currently 60.00%.

About Whitestone REIT

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.