Whitestone REIT (NYSE:WSR) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Whitestone REIT reported $0.26 earnings per share for the quarter, which meets analyst estimates, with a net margin of 20.15% and a return on equity of 7.23%.
• The company declared a dividend of $0.045 per share, representing a yield of 4.31%, set to be paid on August 12th.
• Analysts have mixed predictions for the stock's future, with prices ranging from a target from JMP Securities to a lower target of $14.00 from Truist Financial.

Whitestone REIT (NYSE:WSR - Get Free Report) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.01, Zacks reports. Whitestone REIT had a net margin of 21.70% and a return on equity of 7.76%. The company had revenue of $37.68 million during the quarter, compared to the consensus estimate of $38.55 million. Whitestone REIT updated its FY 2025 guidance to 1.030-1.070 EPS.

Whitestone REIT Trading Down 3.1%

Shares of NYSE:WSR traded down $0.38 during mid-day trading on Friday, hitting $11.81. The stock had a trading volume of 264,089 shares, compared to its average volume of 222,774. Whitestone REIT has a 12-month low of $11.77 and a 12-month high of $15.36. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.02 and a current ratio of 2.41. The company has a market cap of $601.13 million, a PE ratio of 18.17, a P/E/G ratio of 1.92 and a beta of 0.94. The company's 50 day moving average is $12.44 and its 200-day moving average is $13.08.

Whitestone REIT Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a yield of 431.0%. Whitestone REIT's dividend payout ratio is currently 90.00%.

Insider Buying and Selling at Whitestone REIT

In other news, Director Donald A. Miller bought 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost of $12.35 per share, with a total value of $61,750.00. Following the transaction, the director directly owned 21,708 shares in the company, valued at approximately $268,093.80. This trade represents a 29.93% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WSR shares. Truist Financial dropped their price target on Whitestone REIT from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Wall Street Zen raised Whitestone REIT from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 price target on shares of Whitestone REIT in a research report on Wednesday, June 18th.

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.