Wall Street analysts forecast that Whitestone REIT (NYSE:WSR) will post earnings of $0.25 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Whitestone REIT’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.24. Whitestone REIT reported earnings of $0.32 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 21.9%. The company is scheduled to issue its next earnings results on Wednesday, July 26th.
On average, analysts expect that Whitestone REIT will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.05. For the next financial year, analysts forecast that the business will report earnings of $1.07 per share, with EPS estimates ranging from $1.01 to $1.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Whitestone REIT.
Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. Whitestone REIT had a net margin of 9.33% and a return on equity of 3.83%. The business had revenue of $28.27 million during the quarter, compared to analyst estimates of $28.03 million. Several brokerages recently commented on WSR. Zacks Investment Research upgraded Whitestone REIT from a “sell” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Saturday, February 4th. Robert W. Baird cut Whitestone REIT from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $15.00 to $10.00 in a research report on Wednesday.
In other news, Director Paul T. Lambert purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The stock was purchased at an average cost of $13.88 per share, for a total transaction of $34,700.00. Following the completion of the transaction, the director now owns 47,735 shares of the company’s stock, valued at $662,561.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.53% of the stock is currently owned by insiders. Several hedge funds have recently modified their holdings of WSR. Westwood Management Corp IL boosted its stake in shares of Whitestone REIT by 9.4% in the first quarter. Westwood Management Corp IL now owns 116,000 shares of the real estate investment trust’s stock valued at $1,605,000 after buying an additional 10,000 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Whitestone REIT by 21.4% in the first quarter. Bank of Montreal Can now owns 14,581 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 2,570 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Whitestone REIT by 9.8% in the fourth quarter. Teachers Advisors LLC now owns 45,051 shares of the real estate investment trust’s stock valued at $648,000 after buying an additional 4,027 shares during the last quarter. Numeric Investors LLC boosted its stake in shares of Whitestone REIT by 7.5% in the fourth quarter. Numeric Investors LLC now owns 14,400 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 1,000 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Whitestone REIT by 1.5% in the fourth quarter. AQR Capital Management LLC now owns 117,997 shares of the real estate investment trust’s stock valued at $1,697,000 after buying an additional 1,721 shares during the last quarter. Hedge funds and other institutional investors own 43.27% of the company’s stock.
Shares of Whitestone REIT (NYSE:WSR) traded down 7.5762% during midday trading on Wednesday, reaching $11.1001. 1,482,258 shares of the company’s stock were exchanged. The stock has a market cap of $422.43 million, a P/E ratio of 88.8008 and a beta of 0.92. The company’s 50-day moving average is $13.06 and its 200-day moving average is $13.52. Whitestone REIT has a one year low of $10.80 and a one year high of $16.30. The company also recently declared a monthly dividend, which was paid on Thursday, May 11th. Investors of record on Wednesday, May 3rd were given a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 9.49%. The ex-dividend date of this dividend was Monday, May 1st. Whitestone REIT’s payout ratio is 345.47%.
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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