Analysts Expect Whitestone REIT (WSR) to Announce $0.28 EPS

Wall Street brokerages predict that Whitestone REIT (NYSE:WSR) will report $0.28 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Whitestone REIT’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.28. Whitestone REIT reported earnings per share of $0.29 in the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that Whitestone REIT will report full year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.07 to $1.10. For the next year, analysts forecast that the firm will post earnings of $1.10 per share, with EPS estimates ranging from $1.08 to $1.13. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Whitestone REIT.

Whitestone REIT (NYSE:WSR) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.15). The company had revenue of $29.69 million during the quarter, compared to the consensus estimate of $31.20 million. Whitestone REIT had a net margin of 16.17% and a return on equity of 5.90%.



Several brokerages have commented on WSR. Zacks Investment Research raised Whitestone REIT from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Maxim Group reissued a “buy” rating and set a $16.00 price objective on shares of Whitestone REIT in a research report on Friday, March 1st. TheStreet lowered Whitestone REIT from a “b-” rating to a “c+” rating in a research report on Monday, April 1st. ValuEngine lowered Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, B. Riley lowered Whitestone REIT from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $15.00 to $13.00 in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $14.10.

Shares of Whitestone REIT stock opened at $12.70 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.02 and a debt-to-equity ratio of 1.79. The firm has a market cap of $502.64 million, a price-to-earnings ratio of 10.95 and a beta of 1.15. Whitestone REIT has a 12 month low of $11.40 and a 12 month high of $14.65.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, June 4th will be given a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 8.98%. The ex-dividend date is Monday, June 3rd. Whitestone REIT’s dividend payout ratio is presently 98.28%.

About Whitestone REIT

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 provides daily necessities, needed services and entertainment to the communities in which they are located.

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