Whitestone REIT (NYSE:WSR) Cut to Hold (C+) at Weiss Ratings

Weiss Ratings cut shares of Whitestone REIT (NYSE:WSR) from a buy (b-) rating to a hold (c+) rating in a report published on Wednesday morning,Weiss Ratings reports.

Other research analysts have also issued reports about the company. Wall Street Zen raised Whitestone REIT from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Whitestone REIT currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Whitestone REIT Stock Down 1.4%

NYSE:WSR opened at $11.46 on Wednesday. The firm has a market capitalization of $584.69 million, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. Whitestone REIT has a twelve month low of $11.43 and a twelve month high of $15.36. The stock’s 50 day moving average price is $12.51 and its two-hundred day moving average price is $12.67. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.55.

Whitestone REIT (NYSE:WSR) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $37.68 million for the quarter, compared to analyst estimates of $38.55 million. Whitestone REIT had a return on equity of 7.76% and a net margin of 21.70%. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. Equities research analysts expect that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

Whitestone REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 11th. Investors of record on Monday, December 1st will be paid a $0.045 dividend. The ex-dividend date is Monday, December 1st. This represents a c) annualized dividend and a yield of 4.7%. Whitestone REIT’s payout ratio is 83.08%.

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.