Whitestone REIT (NYSE:WSR) Posts 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 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01), FiscalAI reports. Whitestone REIT had a return on equity of 11.23% and a net margin of 31.04%.The business had revenue of $41.39 million during the quarter, compared to the consensus estimate of $41.89 million.

Whitestone REIT Stock Up 0.1%

Shares of WSR traded up $0.03 during trading hours on Wednesday, hitting $18.98. The stock had a trading volume of 585,302 shares, 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. The firm has a 50 day simple moving average of $17.00 and a 200-day simple moving average of $14.83. The firm has a market capitalization of $965.83 million, a P/E ratio of 19.97 and a beta of 0.80. Whitestone REIT has a 1-year low of $11.43 and a 1-year high of $19.01.

Whitestone REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be paid a $0.1425 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $0.57 annualized dividend and a dividend yield of 3.0%. Whitestone REIT’s dividend payout ratio (DPR) is currently 60.00%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WSR shares. Alliance Global Partners lowered Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Cantor Fitzgerald lowered Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Truist Financial lowered Whitestone REIT from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $17.00 to $19.00 in a research report on Thursday, April 9th. Citigroup lowered Whitestone REIT from a “market outperform” rating to a “market perform” rating in a research report on Friday, April 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Whitestone REIT in a research report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Whitestone REIT currently has a consensus rating of “Hold” and a consensus price target 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.