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 provide 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryDiversified REITs
SectorFinance
SymbolNYSE:WSR
CUSIP96608420
Phone713-827-9595
Debt
Debt-to-Equity Ratio1.93
Current Ratio0.97
Quick Ratio0.97
Price-To-Earnings
Trailing P/E Ratio10.94
Forward P/E Ratio13.14
P/E GrowthN/A
Sales & Book Value
Annual Sales$125.96 million
Price / Sales4.31
Cash Flow$0.9757 per share
Price / Cash14.01
Book Value$9.31 per share
Price / Book1.47
Profitability
EPS (Most Recent Fiscal Year)$1.25
Net Income$8.33 million
Net Margins7.19%
Return on Equity2.73%
Return on Assets0.90%
Miscellaneous
Employees103
Outstanding Shares39,740,000
Market Cap$540.52 million
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 announced a monthly dividend on Thursday, September 20th. Investors of record on Tuesday, December 4th will be paid a dividend of $0.095 per share on Thursday, December 13th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date is Monday, December 3rd. View Whitestone REIT's Dividend History.
How were Whitestone REIT's earnings last quarter?
Whitestone REIT (NYSE:WSR) posted its quarterly earnings data on Wednesday, August, 1st. The real estate investment trust reported $0.04 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.07 by $0.03. The real estate investment trust earned $33.07 million during the quarter, compared to analysts' expectations of $33.21 million. Whitestone REIT had a net margin of 7.19% and a return on equity of 2.73%. View Whitestone REIT's Earnings History.
When is Whitestone REIT's next earnings date?
What price target have analysts set for WSR?
6 analysts have issued 12-month price objectives for Whitestone REIT's stock. Their predictions range from $10.00 to $16.00. On average, they anticipate Whitestone REIT's stock price to reach $13.10 in the next twelve months. This suggests that the stock has a possible downside of 4.2%. View Analyst Price Targets for Whitestone REIT.
What is the consensus analysts' recommendation for Whitestone REIT?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Whitestone REIT in the last year. There are currently 1 sell rating, 1 hold rating and 4 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. " (8/21/2018)
- 2. Maxim Group analysts commented, "WSR reported 1Q18 core FFO of $0.31 versus its dividend of $0.285. Management maintained its 2018 core FFO guidance of $1.19-$1.24; we are maintaining our estimate of $1.24, at the high-end of the range. In our view, WSR has a sound business model, excellent management team, and sufficient earnings power to cover the dividend (which is now yielding over 10%), and we expect 2019 to be an even stronger year once WSR’s Pillarstone position is disposed of and other development projects come fully on line. We reiterate our Buy rating and $16 price target; our price target equates to 12.9x our 2018 core FFO estimate, a 15% discount to peers." (5/8/2018)
Who are some of Whitestone REIT's key competitors?
Some companies that are related to Whitestone REIT include Tanger Factory Outlet Centers (SKT), MGM Growth Properties (MGP), Retail Opportunity Investments (ROIC), Chesapeake Lodging Trust (CHSP), Lexington Realty Trust (LXP), Quality Care Properties (QCP), AMERN FIN TR IN/SH (AFIN), Ladder Capital (LADR), Select Income REIT (SIR), Mack Cali Realty (CLI), Invesco Mortgage Capital (IVR), American Assets Trust (AAT), Alexander's (ALX), LTC Properties (LTC) and Agree Realty (ADC).
Who are Whitestone REIT's key executives?
Whitestone REIT's management team includes the folowing people:
- Mr. James C. Mastandrea, Chairman & CEO (Age 75)
- Mr. David K. Holeman CPA, Chief Financial Officer (Age 55)
- Mr. John J. Dee, COO, Exec. VP & Sec. (Age 66)
- Mr. Bradford D. Johnson, Exec. VP of Acquisition & Asset Management (Age 59)
- Ms. Christine C. J. Mastandrea, Exec. VP of Corp. Strategy (Age 52)
Who are Whitestone REIT's major shareholders?
Whitestone REIT's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.25%), Bank of New York Mellon Corp (1.57%), Bank of New York Mellon Corp (1.57%), Dimensional Fund Advisors LP (1.43%), KBC Group NV (0.52%) and Schwab Charles Investment Management Inc. (0.49%). Company insiders that own Whitestone REIT stock include Christine J Mastandrea and Paul T Lambert. View Institutional Ownership Trends for Whitestone REIT.
Which institutional investors are buying Whitestone REIT stock?
WSR stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, KBC Group NV, Schwab Charles Investment Management Inc., Rhumbline Advisers and State of New Jersey Common Pension Fund D. Company insiders that have bought Whitestone REIT stock in the last two years include Christine J Mastandrea and Paul T Lambert. View Insider Buying and Selling for Whitestone REIT.
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 $13.67.
How big of a company is Whitestone REIT?
Whitestone REIT has a market capitalization of $540.52 million and generates $125.96 million in revenue each year. The real estate investment trust earns $8.33 million in net income (profit) each year or $1.25 on an earnings per share basis. Whitestone REIT employs 103 workers across the globe.
What is Whitestone REIT's official website?
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)
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.
