Whitestone REIT (NYSE:WSR) Plans $0.14 Quarterly Dividend

Key Points

• Whitestone REIT declared a quarterly dividend of $0.1425 per share (annualized $0.57) payable June 29 to holders of record June 17, implying a yield of about 3.4%.
• The REIT's current payout ratio is roughly 135.7%, meaning recent earnings don't cover the dividend and the company is relying on its balance sheet, but analyst estimates (~$1.05 EPS and company FY2026 guidance of $1.10–$1.14) would reduce the payout ratio to around 54% if realized.
• Wall Street sentiment is positive with a consensus "Buy" rating (one Strong Buy, six Buy, one Hold) and an average target of $16.80; shares trade near $16.99 with a 52-week range of $11.43–$17.00 and a P/E of about 17.9.

Whitestone REIT (NYSE:WSR - Get Free Report) declared a quarterly dividend on Wednesday, April 8th. Investors of record on Wednesday, June 17th will be paid a dividend of 0.1425 per share by the real estate investment trust on Monday, June 29th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, June 17th.

Whitestone REIT has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. Whitestone REIT has a payout ratio of 135.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Whitestone REIT to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 54.3%.

Whitestone REIT Stock Performance

Shares of WSR stock opened at $16.99 on Thursday. The firm has a market cap of $872.91 million, a price-to-earnings ratio of 17.88 and a beta of 0.71. The company's 50 day moving average is $15.62 and its 200 day moving average is $14.00. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.39. Whitestone REIT has a 52-week low of $11.43 and a 52-week high of $17.00.

Whitestone REIT (NYSE:WSR - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.15. Whitestone REIT had a net margin of 31.04% and a return on equity of 11.23%. The business had revenue of $43.92 million for the quarter, compared to analyst estimates of $41.27 million. Whitestone REIT has set its FY 2026 guidance at 1.100-1.140 EPS. On average, sell-side analysts anticipate that Whitestone REIT will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Cantor Fitzgerald raised shares of Whitestone REIT to a "strong-buy" rating in a report on Wednesday, February 4th. Truist Financial lifted their price target on shares of Whitestone REIT from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Citigroup reaffirmed a "market outperform" rating on shares of Whitestone REIT in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Whitestone REIT in a report on Monday, December 29th. Finally, Maxim Group reiterated a "hold" rating on shares of Whitestone REIT in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Whitestone REIT currently has a consensus rating of "Buy" and an average target price of $16.80.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company's portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.

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