Whitestone REIT (NYSE:WSR) Issues FY 2024 Earnings Guidance

Whitestone REIT (NYSE:WSR) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.980-1.040 for the period, compared to the consensus EPS estimate of 1.010. The company issued revenue guidance of -.

Whitestone REIT Trading Down 2.2 %

Shares of NYSE WSR traded down $0.31 during trading on Thursday, hitting $13.74. 101,967 shares of the company were exchanged, compared to its average volume of 321,395. The company has a fifty day moving average price of $13.59 and a 200-day moving average price of $13.13. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market capitalization of $687.82 million, a PE ratio of 44.16, a P/E/G ratio of 2.34 and a beta of 1.26. Whitestone REIT has a 12-month low of $9.47 and a 12-month high of $14.54.

Whitestone REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0413 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.50 annualized dividend and a yield of 3.60%. Whitestone REIT’s payout ratio is 161.29%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and set a $15.00 target price on shares of Whitestone REIT in a research note on Thursday, September 19th. Finally, StockNews.com started coverage on Whitestone REIT in a research note on Sunday. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Insider Transactions at Whitestone REIT

In other news, Director Julia Bruns Buthman acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $12.99 per share, with a total value of $64,950.00. Following the completion of the purchase, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.50% of the company’s stock.

Whitestone REIT Company Profile

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.