Wall Street analysts expect that Whitestone REIT (NYSE:WSR) will announce $0.33 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Whitestone REIT’s earnings. Whitestone REIT reported earnings per share of $0.34 during the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The company is scheduled to issue its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Whitestone REIT will report full-year earnings of $1.29 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will report earnings of $1.30 per share, with EPS estimates ranging from $1.27 to $1.33. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Whitestone REIT.

Whitestone REIT (NYSE:WSR) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $33.70 million for the quarter, compared to analyst estimates of $32.78 million. Whitestone REIT had a return on equity of 2.22% and a net margin of 5.77%. The firm’s revenue was up 32.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share.

Several research firms have commented on WSR. Zacks Investment Research raised Whitestone REIT from a “sell” rating to a “hold” rating in a research report on Saturday. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of Whitestone REIT in a research report on Tuesday, December 12th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a report on Thursday, November 30th. Finally, ValuEngine raised Whitestone REIT from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.75.

Whitestone REIT (WSR) traded down $0.14 on Friday, reaching $13.64. The company’s stock had a trading volume of 224,030 shares, compared to its average volume of 319,216. The firm has a market capitalization of $530.35, a price-to-earnings ratio of 80.24 and a beta of 1.02. Whitestone REIT has a 52 week low of $10.80 and a 52 week high of $15.15. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.82 and a current ratio of 0.82.

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be issued a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date of this dividend is Friday, February 2nd. Whitestone REIT’s payout ratio is currently 670.59%.

Several large investors have recently added to or reduced their stakes in WSR. Perigon Wealth Management LLC acquired a new position in shares of Whitestone REIT in the second quarter valued at approximately $101,000. First Trust Advisors LP acquired a new position in shares of Whitestone REIT in the third quarter valued at approximately $131,000. First Allied Advisory Services Inc. acquired a new position in shares of Whitestone REIT in the second quarter valued at approximately $168,000. Advisor Group Inc. increased its holdings in shares of Whitestone REIT by 147.4% in the second quarter. Advisor Group Inc. now owns 14,840 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 8,841 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Whitestone REIT in the third quarter valued at approximately $189,000. 49.84% of the stock is currently owned by institutional investors and hedge funds.

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Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust. The Company is engaged in owning and operating commercial properties in culturally diverse markets in various metropolitan areas. The Company’s acquisition targets are located in densely populated, culturally diverse neighborhoods, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.

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