NYSE:WSR - Whitestone REIT Stock Price, News, & Analysis

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$11.89 +0.13 (+1.11 %)
(As of 03/26/2019 01:14 PM ET)
Previous Close$11.76
Today's Range$11.88 - $11.98
52-Week Range$10.06 - $14.65
Volume2,707 shs
Average Volume539,015 shs
Market Capitalization$472.87 million
P/E Ratio10.25
Dividend Yield9.61%
Beta1.15
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "E-Commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provides daily necessities, needed services and entertainment to the communities in which they are located. Whitestone's properties are primarily located in business-friendly Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio, which are among the fastest growing U.S. population centers with highly educated workforces, high household incomes and strong job growth. As of December 31, 2018, Whitestone's total shareholder return ranks #2 of 17, #1 of 17, and #2 of 16, of the U.S. public shopping center REITs for the one-year, three-year, and five-year periods, respectively.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryDiversified REITs
SectorFinance
CUSIP96608420
Phone713-827-9595

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$119.86 million
Cash Flow$1.2145 per share
Book Value$9.03 per share

Profitability

Net Income$21.43 million

Miscellaneous

Employees98
Market Cap$472.87 million
Next Earnings Date5/6/2019 (Estimated)
OptionableOptionable

Whitestone REIT (NYSE:WSR) Frequently Asked Questions

What is Whitestone REIT's stock symbol?

Whitestone REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "WSR."

How often does Whitestone REIT pay dividends? What is the dividend yield for Whitestone REIT?

Whitestone REIT declared a monthly dividend on Friday, December 21st. Stockholders of record on Monday, March 4th will be paid a dividend of $0.095 per share on Thursday, March 14th. This represents a $1.14 annualized dividend and a dividend yield of 9.59%. The ex-dividend date of this dividend is Friday, March 1st. View Whitestone REIT's Dividend History.

How were Whitestone REIT's earnings last quarter?

Whitestone REIT (NYSE:WSR) issued its earnings results on Wednesday, October, 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.10. The real estate investment trust earned $34.60 million during the quarter, compared to analyst estimates of $33.67 million. Whitestone REIT had a net margin of 15.89% and a return on equity of 5.94%. View Whitestone REIT's Earnings History.

When is Whitestone REIT's next earnings date?

Whitestone REIT is scheduled to release their next quarterly earnings announcement on Monday, May 6th 2019. View Earnings Estimates for Whitestone REIT.

What price target have analysts set for WSR?

4 brokerages have issued 12 month target prices for Whitestone REIT's stock. Their forecasts range from $13.00 to $16.00. On average, they expect Whitestone REIT's stock price to reach $14.1250 in the next year. This suggests a possible upside of 18.8% from the stock's current price. View Analyst Price Targets for Whitestone REIT.

What is the consensus analysts' recommendation for Whitestone REIT?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Whitestone REIT in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Whitestone REIT.

What are Wall Street analysts saying about Whitestone REIT stock?

Here are some recent quotes from research analysts about Whitestone REIT stock:
  • 1. According to Zacks Investment Research, "Whitestone REIT is a fully integrated real estate investment trust that acquires, owns, manages, develops and redevelops high quality internet-resistant neighborhood, community and lifestyle retail centers. Whitestone's properties are principally located in Austin, Dallas-Fort Worth, Houston, San Antonio and Phoenix, which are among the fastest-growing markets in the country with highly educated workforces, high household incomes and strong job growth. The Company's strategy is to target shifting consumer behavior and purchasing patterns by creating a complementary mix of grocery, dining, health and wellness, education, services, entertainment and specialty retail in its properties. Whitestone's national, regional and local tenants provide daily necessities, needed services and convenience to the community which are not readily available online. Whitestone is headquartered in Houston, Texas. " (3/8/2019)
  • 2. Boenning Scattergood analysts commented, "We think WSR’s small shop entrepreneurial tenants are particularly vulnerable to the potential for a recession in the intermediate-term, which is presaged by the flat-to-inverted yield curve. Higher rents are unlikely in the event of a slowdown. As a result of this, and despite our expectation that occupancy could improve from 90.5% to 92% in 2019, our NAV estimate shows little change year/year, rising from $14.80 at year-end 2018 to an estimated $15.00 at year-end 2019. We maintain our Outperform rating on the shares and see moderate risk to value creation. We believe our $14.25 price target is supported by WSR’s continued focus on leasing small spaces to the next iteration of entrepreneurial service providers, de-levering through disposition of legacy properties and expense containment targets." (3/1/2019)
  • 3. Maxim Group analysts commented, "WSR reported 4Q18 core FFO of $0.27 versus its dividend of $0.285 and versus guidance of $0.28-$0.30. WSR lost its anchor tenant in one property, but plans to reconfigure the space for numerous smaller tenants (that on average pay a 48% premium in rental rates compared to larger tenants)." (3/1/2019)

Has Whitestone REIT been receiving favorable news coverage?

News articles about WSR stock have trended somewhat negative on Tuesday, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Whitestone REIT earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Are investors shorting Whitestone REIT?

Whitestone REIT saw a drop in short interest in February. As of February 15th, there was short interest totalling 941,528 shares, a drop of 48.8% from the January 31st total of 1,839,899 shares. Based on an average trading volume of 315,481 shares, the short-interest ratio is presently 3.0 days. Approximately 2.6% of the company's shares are short sold. View Whitestone REIT's Current Options Chain.

Who are some of Whitestone REIT's key competitors?

What other stocks do shareholders of Whitestone REIT own?

Who are Whitestone REIT's key executives?

Whitestone REIT's management team includes the folowing people:
  • Mr. James C. Mastandrea, Chairman & CEO (Age 76)
  • Mr. David K. Holeman CPA, Chief Financial Officer (Age 56)
  • Mr. John J. Dee, COO, Exec. VP & Sec. (Age 67)
  • Mr. Bradford D. Johnson, Exec. VP of Acquisition & Asset Management (Age 60)
  • Ms. Christine C. J. Mastandrea, Exec. VP of Corp. Strategy (Age 53)

How do I buy shares of Whitestone REIT?

Shares of WSR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Whitestone REIT's stock price today?

One share of WSR stock can currently be purchased for approximately $11.89.

How big of a company is Whitestone REIT?

Whitestone REIT has a market capitalization of $472.87 million and generates $119.86 million in revenue each year. The real estate investment trust earns $21.43 million in net income (profit) each year or $1.16 on an earnings per share basis. Whitestone REIT employs 98 workers across the globe.

What is Whitestone REIT's official website?

The official website for Whitestone REIT is http://www.whitestonereit.com.

How can I contact Whitestone REIT?

Whitestone REIT's mailing address is 2600 SOUTH GESSNER SUITE 500, HOUSTON TX, 77063. The real estate investment trust can be reached via phone at 713-827-9595 or via email at [email protected]


MarketBeat Community Rating for Whitestone REIT (NYSE WSR)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  247 (Vote Outperform)
Underperform Votes:  227 (Vote Underperform)
Total Votes:  474
MarketBeat's community ratings are surveys of what our community members think about Whitestone REIT and other stocks. Vote "Outperform" if you believe WSR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WSR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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