Whitestone REIT (NYSE:WSR) Hits New 1-Year Low - What's Next?

Key Points

• Whitestone REIT's shares reached a new 52-week low of $11.66 during trading, reflecting ongoing volatility with a trading volume of 34,533 shares.
• Analysts have mixed views on the stock, with three rating it as a Buy and a consensus price target of $15.00, despite recent downgrades.
• The company announced a monthly dividend of $0.045 per share, representing an annualized yield of 4.6%, expected to be paid on December 11th.

Whitestone REIT (NYSE:WSR - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.66 and last traded at $11.70, with a volume of 34533 shares traded. The stock had previously closed at $11.87.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Whitestone REIT from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of Whitestone REIT in a report on Wednesday, June 18th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Whitestone REIT in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $15.00.

Whitestone REIT Price Performance

The stock has a market capitalization of $601.78 million, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.92 and a beta of 0.95. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.55. The stock has a fifty day moving average of $12.56 and a 200-day moving average of $12.72.

Whitestone REIT (NYSE:WSR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $37.68 million during the quarter, compared to the consensus estimate of $38.55 million. Whitestone REIT had a net margin of 21.70% and a return on equity of 7.76%. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. On average, equities research analysts predict that Whitestone REIT will post 0.99 EPS for the current fiscal year.

Whitestone REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 11th. Investors of record on Monday, December 1st will be given a $0.045 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. Whitestone REIT's dividend payout ratio is 83.08%.

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.

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