Whitestone REIT (NYSE:WSR) Updates FY17 Earnings Guidance
Whitestone REIT (NYSE:WSR) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.29-$1.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.34.
Shares of Whitestone REIT (NYSE WSR) traded up 0.08% during midday trading on Friday, reaching $12.87. The company’s stock had a trading volume of 279,458 shares. The stock has a 50 day moving average price of $12.52 and a 200-day moving average price of $13.01. The company has a market capitalization of $459.65 million, a price-to-earnings ratio of 92.59 and a beta of 0.92. Whitestone REIT has a 52-week low of $10.80 and a 52-week high of $15.51.
Whitestone REIT (NYSE:WSR) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Whitestone REIT had a return on equity of 1.84% and a net margin of 4.36%. The firm had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.68 million. During the same quarter in the previous year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. Equities research analysts expect that Whitestone REIT will post $0.27 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, August 3rd will be given a $0.095 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $1.14 annualized dividend and a yield of 8.86%. Whitestone REIT’s payout ratio is 876.99%.
Several research firms have recently commented on WSR. Zacks Investment Research cut Whitestone REIT from a strong-buy rating to a hold rating in a research note on Wednesday, July 26th. ValuEngine raised Whitestone REIT from a hold rating to a buy rating in a research note on Thursday. BidaskClub raised Whitestone REIT from a buy rating to a strong-buy rating in a research note on Monday, July 24th. Ladenburg Thalmann Financial Services reaffirmed a hold rating on shares of Whitestone REIT in a research note on Monday, May 22nd. Finally, Maxim Group reaffirmed a buy rating and set a $20.00 price objective on shares of Whitestone REIT in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $14.25.
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About Whitestone REIT
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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