Wall Street brokerages expect that Whitestone REIT (NYSE:WSR) will post earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Whitestone REIT’s earnings. Whitestone REIT reported earnings of $0.27 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.7%. The company is expected to announce its next earnings results on Wednesday, February 26th.
On average, analysts expect that Whitestone REIT will report full year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.07 to $1.09. For the next year, analysts expect that the company will post earnings of $1.08 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Whitestone REIT.
Whitestone REIT (NYSE:WSR) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). The firm had revenue of $29.88 million during the quarter, compared to analysts’ expectations of $29.99 million. Whitestone REIT had a net margin of 13.75% and a return on equity of 4.55%.
A number of equities research analysts recently commented on WSR shares. B. Riley set a $13.00 target price on Whitestone REIT and gave the company a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research upgraded Whitestone REIT from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Saturday, October 12th. Finally, Maxim Group set a $15.00 target price on Whitestone REIT and gave the company a “buy” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $14.33.
In related news, CEO James C. Mastandrea purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $12.64 per share, with a total value of $126,400.00. Following the completion of the acquisition, the chief executive officer now owns 1,027,250 shares of the company’s stock, valued at approximately $12,984,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.60% of the company’s stock.
NYSE WSR traded down $0.03 during trading hours on Friday, reaching $13.72. The stock had a trading volume of 152,744 shares, compared to its average volume of 269,923. The stock has a fifty day moving average of $13.75 and a 200 day moving average of $12.96. The stock has a market cap of $573.34 million, a P/E ratio of 11.83 and a beta of 1.01. Whitestone REIT has a 52-week low of $11.50 and a 52-week high of $14.65. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.75 and a current ratio of 1.55.
The business also recently declared a — dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a $0.095 dividend. This represents a yield of 8.4%. The ex-dividend date of this dividend is Monday, December 2nd. Whitestone REIT’s payout ratio is presently 98.28%.
Whitestone REIT Company Profile
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "E-Commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provides daily necessities, needed services and entertainment to the communities in which they are located.
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