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

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$12.13 -0.12 (-0.98 %)
(As of 04/22/2019 04:00 PM ET)
Previous Close$12.25
Today's Range$12.00 - $12.23
52-Week Range$10.39 - $14.65
Volume269,700 shs
Average Volume335,487 shs
Market Capitalization$482.36 million
P/E Ratio10.41
Dividend Yield9.31%
Beta1.14
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$1.1998 per share
Book Value$9.03 per share

Profitability

Net Income$21.43 million

Miscellaneous

Employees98
Market Cap$482.36 million
Next Earnings Date5/1/2019 (Confirmed)
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 Tuesday, March 26th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.095 per share on Thursday, June 13th. This represents a $1.14 annualized dividend and a yield of 9.40%. The ex-dividend date is Monday, June 3rd. View Whitestone REIT's Dividend History.

How were Whitestone REIT's earnings last quarter?

Whitestone REIT (NYSE:WSR) posted its earnings results on Wednesday, October, 31st. The real estate investment trust reported $0.19 earnings per share 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 analysts' expectations 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 Wednesday, May 1st 2019. View Earnings Estimates for Whitestone REIT.

What price target have analysts set for WSR?

4 analysts have issued 1-year price objectives for Whitestone REIT's stock. Their predictions range from $13.00 to $16.00. On average, they expect Whitestone REIT's stock price to reach $14.1250 in the next twelve months. This suggests a possible upside of 16.4% 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?

Media stories about WSR stock have been trending somewhat positive on Monday, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Whitestone REIT earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the company's share price in the next several days.

Are investors shorting Whitestone REIT?

Whitestone REIT saw a drop in short interest during the month of March. As of March 15th, there was short interest totalling 581,036 shares, a drop of 33.0% from the February 28th total of 867,173 shares. Based on an average trading volume of 665,577 shares, the short-interest ratio is presently 0.9 days. Currently, 1.6% of the shares of the stock are sold short. 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 $12.13.

How big of a company is Whitestone REIT?

Whitestone REIT has a market capitalization of $482.36 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:  249 (Vote Outperform)
Underperform Votes:  230 (Vote Underperform)
Total Votes:  479
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 4/22/2019 by MarketBeat.com Staff

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