Whitestone REIT (NYSE:WSR) Releases 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 Stock Down 2.2 %

Shares of NYSE WSR traded down $0.31 during midday trading on Thursday, hitting $13.74. 101,967 shares of the company’s stock were exchanged, compared to its average volume of 321,395. The firm’s fifty day simple moving average is $13.59 and its 200-day simple moving average is $13.13. The company has a market cap 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 twelve month low of $9.47 and a twelve month high of $14.54. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.93 and a quick ratio of 1.93.

Whitestone REIT Dividend Announcement

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

Analyst Upgrades and Downgrades

WSR has been the topic of a number of recent analyst reports. Truist Financial increased their target price on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. JMP Securities reiterated a “market outperform” rating and set a $15.00 target price on shares of Whitestone REIT in a research report on Thursday, September 19th. Finally, StockNews.com initiated coverage on Whitestone REIT in a research report on Sunday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Insider Activity at Whitestone REIT

In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.50% of the stock is owned by insiders.

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.