Whitestone REIT (NYSE:WSR) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Whitestone REIT (NYSE:WSR) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01), FiscalAI reports. The firm had revenue of $41.39 million for the quarter, compared to the consensus estimate of $41.89 million. Whitestone REIT had a return on equity of 11.23% and a net margin of 31.04%.

Whitestone REIT Stock Performance

Whitestone REIT stock traded up $0.03 during mid-day trading on Wednesday, reaching $18.98. 585,302 shares of the company traded hands, compared to its average volume of 369,402. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.98 and a quick ratio of 0.98. Whitestone REIT has a fifty-two week low of $11.43 and a fifty-two week high of $19.01. The company has a market capitalization of $965.83 million, a price-to-earnings ratio of 19.97 and a beta of 0.80. The firm’s fifty day moving average is $17.00 and its two-hundred day moving average is $14.83.

Whitestone REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.1425 per share. The ex-dividend date is Wednesday, June 17th. This represents a $0.57 dividend on an annualized basis and a yield of 3.0%. Whitestone REIT’s dividend payout ratio is presently 60.00%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Alliance Global Partners lowered shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Whitestone REIT in a research note on Tuesday, April 14th. Colliers Securities set a $19.00 price objective on shares of Whitestone REIT in a research note on Friday, April 10th. Maxim Group reiterated a “hold” rating on shares of Whitestone REIT in a research note on Monday, March 2nd. Finally, Truist Financial lowered shares of Whitestone REIT from a “buy” rating to a “hold” rating and upped their price target for the company from $17.00 to $19.00 in a research note on Thursday, April 9th. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Whitestone REIT Company Profile

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.