Whitestone REIT (NYSE:WSR) Releases Quarterly Earnings Results

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) issued its earnings results on Wednesday. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.01, Zacks reports. The firm had revenue of $37.68 million for the quarter, compared to analysts' expectations of $38.55 million. Whitestone REIT had a return on equity of 7.76% and a net margin of 21.70%. Whitestone REIT updated its FY 2025 guidance to 1.030-1.070 EPS.

Whitestone REIT Stock Down 3.1%

Whitestone REIT stock traded down $0.38 during midday trading on Friday, reaching $11.81. The stock had a trading volume of 264,089 shares, compared to its average volume of 222,774. The stock has a market capitalization of $601.13 million, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.86 and a beta of 0.94. The firm's fifty day simple moving average is $12.44 and its 200-day simple moving average is $13.08. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.02 and a current ratio of 2.41. Whitestone REIT has a 1-year low of $11.77 and a 1-year high of $15.36.

Whitestone REIT Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, August 12th. Investors of record on Monday, August 4th will be issued a dividend of $0.045 per share. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 431.0%. Whitestone REIT's dividend payout ratio (DPR) is presently 83.08%.

Insiders Place Their Bets

In other Whitestone REIT news, Director Donald A. Miller purchased 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was bought at an average cost of $12.35 per share, with a total value of $61,750.00. Following the purchase, the director directly owned 21,708 shares of the company's stock, valued at $268,093.80. The trade was a 29.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WSR has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of Whitestone REIT from $16.00 to $14.00 and set a "buy" rating for the company in a report on Monday, May 12th. Wall Street Zen raised Whitestone REIT from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, JMP Securities restated a "market outperform" rating and issued a $16.00 price target on shares of Whitestone REIT in a 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.