Whitestone REIT (WSR) Expected to Announce Quarterly Earnings on Monday

Whitestone REIT (NYSE:WSR) is expected to announce its earnings results after the market closes on Monday, March 3rd. Analysts expect the company to announce earnings of $0.11 per share and revenue of $38.77 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Whitestone REIT Stock Up 1.8 %

Shares of NYSE:WSR opened at $13.62 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The firm has a market cap of $689.55 million, a P/E ratio of 33.21, a P/E/G ratio of 2.13 and a beta of 1.26. Whitestone REIT has a 12 month low of $10.77 and a 12 month high of $15.36. The company’s 50-day moving average price is $13.61 and its two-hundred day moving average price is $13.80.

Whitestone REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.045 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.54 annualized dividend and a dividend yield of 3.97%. Whitestone REIT’s dividend payout ratio (DPR) is currently 131.71%.

Analyst Ratings Changes

WSR has been the topic of several research reports. StockNews.com began coverage on Whitestone REIT in a report on Monday, February 24th. They set a “hold” rating on the stock. JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a research report on Tuesday, December 10th. Finally, Truist Financial raised their price target on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 29th.

Whitestone REIT Company Profile

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities.