Equities research analysts forecast that Whitestone REIT (NYSE:WSR) will announce sales of $34.48 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Whitestone REIT’s earnings. The lowest sales estimate is $33.90 million and the highest is $35.12 million. Whitestone REIT posted sales of $33.83 million during the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The firm is expected to announce its next quarterly earnings results on Thursday, March 7th.
On average, analysts expect that Whitestone REIT will report full-year sales of $135.75 million for the current financial year, with estimates ranging from $135.20 million to $136.38 million. For the next financial year, analysts expect that the business will post sales of $141.77 million, with estimates ranging from $139.20 million to $146.02 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Whitestone REIT.
Whitestone REIT (NYSE:WSR) last issued its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. Whitestone REIT had a net margin of 10.59% and a return on equity of 4.08%. The firm had revenue of $34.60 million for the quarter, compared to the consensus estimate of $33.67 million.
Shares of Whitestone REIT stock traded down $0.10 on Friday, reaching $13.89. The stock had a trading volume of 176,331 shares, compared to its average volume of 225,509. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.94. Whitestone REIT has a 1 year low of $10.06 and a 1 year high of $14.49. The company has a market cap of $555.63 million, a P/E ratio of 11.11 and a beta of 1.07.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Monday, March 4th will be given a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 8.21%. The ex-dividend date of this dividend is Friday, March 1st. Whitestone REIT’s dividend payout ratio is presently 91.20%.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Whitestone REIT during the 2nd quarter worth approximately $213,000. Great West Life Assurance Co. Can purchased a new stake in Whitestone REIT during the 2nd quarter worth approximately $623,000. Legal & General Group Plc purchased a new stake in Whitestone REIT during the 2nd quarter worth approximately $984,000. Schwab Charles Investment Management Inc. purchased a new stake in Whitestone REIT during the 2nd quarter worth approximately $2,426,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Whitestone REIT during the 2nd quarter worth approximately $7,110,000. 51.93% of the stock is currently owned by institutional investors.
Whitestone REIT Company Profile
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.
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