Whitestone REIT (NYSE:WSR) Earns Market Outperform Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Whitestone REIT (NYSE:WSR) in a research note published on Friday morning, Benzinga reports. JMP Securities currently has a $15.00 price objective on the real estate investment trust’s stock.

Separately, Alliance Global Partners started coverage on Whitestone REIT in a research note on Monday, March 18th. They issued a buy rating and a $15.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $13.63.

Whitestone REIT Stock Down 1.2 %

Shares of NYSE WSR opened at $13.16 on Friday. The stock has a market cap of $657.22 million, a P/E ratio of 27.41, a PEG ratio of 2.15 and a beta of 1.27. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.51. Whitestone REIT has a 12-month low of $9.07 and a 12-month high of $13.49. The business’s fifty day simple moving average is $12.63 and its 200-day simple moving average is $12.34.

Whitestone REIT (NYSE:WSR) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Whitestone REIT had a net margin of 16.64% and a return on equity of 5.77%. The business had revenue of $37.16 million during the quarter, compared to analyst estimates of $38.00 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. As a group, equities analysts predict that Whitestone REIT will post 1.03 EPS for the current fiscal year.

Whitestone REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, September 4th will be issued a $0.0413 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Wednesday, September 4th. Whitestone REIT’s payout ratio is currently 104.17%.

About Whitestone REIT

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities.