Whitestone REIT (NYSE:WSR) announced a monthly dividend on Thursday, December 14th, NASDAQ reports. Shareholders of record on Tuesday, January 2nd will be paid a dividend of 0.095 per share by the real estate investment trust on Thursday, January 11th. This represents a $1.14 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date is Friday, December 29th.
Whitestone REIT has a dividend payout ratio of 111.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Whitestone REIT to earn $1.07 per share next year, which means the company may not be able to cover its $1.14 annual dividend with an expected future payout ratio of 106.5%.
Shares of Whitestone REIT (WSR) opened at $13.78 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.82 and a current ratio of 0.82. Whitestone REIT has a 52 week low of $10.80 and a 52 week high of $15.15. The company has a market capitalization of $530.35, a P/E ratio of 76.56 and a beta of 1.04.
Whitestone REIT (NYSE:WSR) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The company had revenue of $33.70 million during the quarter, compared to the consensus estimate of $32.78 million. Whitestone REIT had a return on equity of 2.22% and a net margin of 5.77%. Whitestone REIT’s revenue was up 32.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. research analysts expect that Whitestone REIT will post 1.02 earnings per share for the current fiscal year.
WSR has been the subject of a number of research reports. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Whitestone REIT in a research report on Thursday, November 30th. ValuEngine raised shares of Whitestone REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, B. Riley restated a “buy” rating and issued a $15.00 target price on shares of Whitestone REIT in a research note on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Whitestone REIT has an average rating of “Buy” and a consensus price target of $14.75.
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Whitestone REIT Company Profile
Whitestone REIT is a real estate investment trust. The Company is engaged in owning and operating commercial properties in culturally diverse markets in various metropolitan areas. The Company’s acquisition targets are located in densely populated, culturally diverse neighborhoods, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.
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