Whitestone REIT (WSR) Expected to Announce Quarterly Earnings on Monday

Whitestone REIT (NYSE:WSR) is anticipated to post its quarterly earnings results after the market closes on Monday, March 3rd. Analysts expect Whitestone REIT to post earnings of $0.11 per share and revenue of $38.77 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Whitestone REIT Price Performance

Whitestone REIT stock opened at $13.34 on Monday. The company’s fifty day moving average price is $13.72 and its 200 day moving average price is $13.81. Whitestone REIT has a 1 year low of $10.77 and a 1 year high of $15.36. The stock has a market capitalization of $675.36 million, a P/E ratio of 32.53, a P/E/G ratio of 2.13 and a beta of 1.26. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17.

Whitestone REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be given a $0.045 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.54 annualized dividend and a dividend yield of 4.05%. Whitestone REIT’s dividend payout ratio (DPR) is 131.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WSR shares. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a research note on Tuesday, December 10th. Truist Financial boosted their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 29th. Finally, StockNews.com initiated coverage on shares of Whitestone REIT in a research report on Monday. They issued a “hold” rating on the stock.

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.