Whitestone REIT (NYSE:WSR - Get Free Report) declared a dividend on Friday, July 25th, investing.com reports. Stockholders of record on Monday, August 4th will be paid a dividend of 0.045 per share by the real estate investment trust on Tuesday, August 12th. This represents a dividend yield of 4.31%. The ex-dividend date is Friday, August 1st.
Whitestone REIT has a payout ratio of 128.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Whitestone REIT to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 51.4%.
Whitestone REIT Trading Up 2.0%
Shares of NYSE:WSR traded up $0.25 during trading on Tuesday, hitting $12.62. 73,694 shares of the company's stock were exchanged, compared to its average volume of 240,593. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.47. The firm has a market cap of $642.10 million, a P/E ratio of 21.03, a PEG ratio of 1.98 and a beta of 0.90. The firm has a 50-day moving average price of $12.44 and a two-hundred day moving average price of $13.11. Whitestone REIT has a 1-year low of $11.77 and a 1-year high of $15.36.
Whitestone REIT (NYSE:WSR - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $37.40 million for the quarter, compared to analyst estimates of $38.95 million. Whitestone REIT had a return on equity of 7.23% and a net margin of 20.15%. Equities analysts predict that Whitestone REIT will post 0.99 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts recently commented on WSR shares. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price objective on shares of Whitestone REIT in a research note on Wednesday, June 18th. Truist Financial lowered their price target on Whitestone REIT from $16.00 to $14.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Wall Street Zen raised shares of Whitestone REIT from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th.
Get Our Latest Report on WSR
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 that occurred on Wednesday, May 28th. The shares were acquired at an average price of $12.35 per share, with a total value of $61,750.00. Following the transaction, the director owned 21,708 shares in the company, valued at $268,093.80. This represents a 29.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by corporate insiders.
Whitestone REIT Company Profile
(
Get Free Report)
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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