Brokerages expect that Whitestone REIT (NYSE:WSR) will announce earnings of $0.27 per share for the current quarter, Zacks reports. Three analysts have made estimates for Whitestone REIT’s earnings, with estimates ranging from $0.25 to $0.28. Whitestone REIT posted earnings of $0.31 per share during the same quarter last year, which indicates a negative year over year growth rate of 12.9%. The firm is expected to issue its next quarterly earnings results on Monday, May 6th.

On average, analysts expect that Whitestone REIT will report full year earnings of $1.08 per share for the current financial year, with EPS estimates ranging from $1.06 to $1.09. For the next year, analysts forecast that the firm will report earnings of $1.08 per share, with EPS estimates ranging from $1.08 to $1.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Whitestone REIT.

A number of brokerages have weighed in on WSR. Zacks Investment Research raised Whitestone REIT from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Sunday, January 6th. TheStreet downgraded Whitestone REIT from a “b-” rating to a “c+” rating in a research note on Monday, April 1st. B. Riley downgraded Whitestone REIT from a “buy” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $13.00 in a research note on Friday, March 1st. Boenning Scattergood reissued a “buy” rating on shares of Whitestone REIT in a report on Friday, March 1st. Finally, ValuEngine cut Whitestone REIT from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Whitestone REIT currently has an average rating of “Hold” and a consensus price target of $14.10.

NYSE WSR traded up $0.04 on Thursday, reaching $12.18. 400 shares of the stock traded hands, compared to its average volume of 337,461. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.72. The firm has a market cap of $476.85 million, a PE ratio of 10.47 and a beta of 1.14. Whitestone REIT has a 12 month low of $10.39 and a 12 month high of $14.65.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, June 4th will be issued a $0.095 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 9.36%. Whitestone REIT’s payout ratio is 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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