Whitestone REIT - WSR Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Whitestone REIT in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WSR shares.
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5 brokerages have issued 12-month price objectives for Whitestone REIT's stock. Their WSR share price forecasts range from $10.00 to $13.00. On average, they anticipate the company's stock price to reach $12.10 in the next year. This suggests a possible upside of 42.4% from the stock's current price.
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Whitestone REIT's stock was trading at $9.64 at the beginning of the year. Since then, WSR shares have decreased by 11.8% and is now trading at $8.50.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our WSR earnings forecast.

Whitestone REIT (NYSE:WSR) issued its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.06. Whitestone REIT had a net margin of 25.30% and a trailing twelve-month return on equity of 8.57%. During the same period in the previous year, the firm posted $0.23 earnings per share.

Whitestone REIT declared a monthly dividend on Tuesday, March 14th. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.04 per share on Tuesday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for WSR.

ETFs with the largest weight of Whitestone REIT (NYSE:WSR) stock in their portfolio include Cambria Global Real Estate ETF (BLDG), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco S&P SmallCap Financials ETF (PSCF), iShares Core U.S. REIT ETF (USRT), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE), First Trust S&P REIT Index Fund (FRI) and Fidelity MSCI Real Estate Index ETF (FREL).Dimensional US Real Estate ETF (DFAR).

Whitestone REIT (NYSE:WSR) pays an annual dividend of $0.48 per share and currently has a dividend yield of 5.64%. WSR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 67.61%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for WSR.

Whitestone REIT updated its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of $0.95-$0.99 for the period, compared to the consensus estimate of $1.02. The company issued revenue guidance of -.

18 employees have rated Whitestone REIT Chief Executive Officer James C. Mastandrea on Glassdoor.com. James C. Mastandrea has an approval rating of 29% among the company's employees. This puts James C. Mastandrea in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 24.0% of employees surveyed would recommend working at Whitestone REIT to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Whitestone REIT investors own include Energy Transfer (ET), AT&T (T), New Residential Investment (NRZ), CBL & Associates Properties (CBL), AGNC Investment (AGNC), Prospect Capital (PSEC), Annaly Capital Management (NLY), General Electric (GE), Medical Properties Trust (MPW) and NGL Energy Partners (NGL).

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

Shares of WSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WSR stock can currently be purchased for approximately $8.50.

Whitestone REIT (NYSE:WSR) has a market capitalization of $420.10 million and generates $140.58 million in revenue each year. The real estate investment trust earns $35.27 million in net income (profit) each year or $0.71 on an earnings per share basis.

Whitestone REIT's mailing address is 2600 SOUTH GESSNER SUITE 500, HOUSTON TX, 77063. The official website for the company is www.whitestonereit.com. The real estate investment trust can be reached via phone at (713) 827-9595, via email at kreed@whitestonereit.com, or via fax at 713-465-8847.