Whitestone REIT (NYSE:WSR – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Whitestone REIT to post earnings of $0.25 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Whitestone REIT Stock Performance
Shares of WSR opened at $14.17 on Monday. The company has a market capitalization of $709.35 million, a PE ratio of 45.71, a price-to-earnings-growth ratio of 2.32 and a beta of 1.26. Whitestone REIT has a one year low of $9.32 and a one year high of $14.54. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.93 and a quick ratio of 1.93. The company’s fifty day moving average price is $13.54 and its 200 day moving average price is $13.08.
Whitestone REIT Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be issued a $0.0413 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.50 annualized dividend and a yield of 3.49%. Whitestone REIT’s dividend payout ratio (DPR) is presently 161.29%.
Insiders Place Their Bets
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Truist Financial lifted their target price on shares of Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. StockNews.com started coverage on shares of Whitestone REIT in a report on Sunday. They issued a “hold” rating on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $15.00 price target on shares of Whitestone REIT in a research report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.
Read Our Latest Research Report on Whitestone REIT
About Whitestone REIT
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.
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