Analysts Anticipate Whitestone REIT (WSR) Will Announce Earnings of $0.27 Per Share

Equities analysts expect Whitestone REIT (NYSE:WSR) to post earnings per share of $0.27 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Whitestone REIT’s earnings, with estimates ranging from $0.25 to $0.28. Whitestone REIT posted earnings of $0.32 per share during the same quarter last year, which would suggest a negative year over year growth rate of 15.6%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 26th.

On average, analysts expect that Whitestone REIT will report full year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.02 to $1.08. For the next financial year, analysts expect that the company will post earnings of $1.10 per share, with EPS estimates ranging from $1.04 to $1.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Whitestone REIT.

Whitestone REIT (NYSE:WSR) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. The business had revenue of $28.27 million during the quarter, compared to the consensus estimate of $28.03 million. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.11%.

A number of research firms have recently weighed in on WSR. Zacks Investment Research cut Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 11th. Maxim Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Whitestone REIT in a report on Wednesday. Robert W. Baird cut Whitestone REIT from a “neutral” rating to an “underperform” rating and cut their price target for the company from $15.00 to $10.00 in a report on Wednesday, May 17th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Whitestone REIT in a report on Monday, May 22nd. Finally, ValuEngine cut Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Whitestone REIT presently has a consensus rating of “Hold” and a consensus price target of $14.33.

Shares of Whitestone REIT (NYSE:WSR) traded down 1.05% during trading on Wednesday, hitting $12.21. The stock had a trading volume of 1,434,282 shares. The firm’s 50-day moving average is $11.99 and its 200-day moving average is $13.32. The firm has a market cap of $464.66 million, a P/E ratio of 97.68 and a beta of 0.95. Whitestone REIT has a one year low of $10.80 and a one year high of $16.30.

The company also recently announced a monthly dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, August 3rd will be issued a dividend of $0.095 per share. The ex-dividend date is Tuesday, August 1st. This represents a $1.14 annualized dividend and a yield of 9.34%. Whitestone REIT’s payout ratio is 876.99%.

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A number of large investors have recently made changes to their positions in WSR. Dimensional Fund Advisors LP boosted its stake in shares of Whitestone REIT by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 383,292 shares of the real estate investment trust’s stock valued at $5,512,000 after buying an additional 7,527 shares during the last quarter. 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. Russell Investments Group Ltd. purchased a new stake in shares of Whitestone REIT during the fourth quarter valued at approximately $552,000. State Street Corp boosted its stake in shares of Whitestone REIT by 11.4% in the fourth quarter. State Street Corp now owns 452,236 shares of the real estate investment trust’s stock valued at $6,507,000 after buying an additional 46,319 shares during the last quarter. Finally, 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. 35.69% of the stock is currently owned by hedge funds and other institutional investors.

About Whitestone REIT

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WSR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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