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

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

Whitestone REIT Price Performance

Shares of NYSE WSR traded down $0.14 during mid-day trading on Friday, reaching $13.64. The company had a trading volume of 334,875 shares, compared to its average volume of 266,837. Whitestone REIT has a one year low of $10.13 and a one year high of $14.54. The business’s 50-day simple moving average is $13.61 and its 200 day simple moving average is $13.15. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.93 and a current ratio of 2.17. The firm has a market cap of $682.82 million, a price-to-earnings ratio of 33.27, a PEG ratio of 2.27 and a beta of 1.25.

Whitestone REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.0413 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.50 annualized dividend and a dividend yield of 3.63%. Whitestone REIT’s dividend payout ratio is 121.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WSR shares. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price target on shares of Whitestone REIT in a research note on Thursday, September 19th. Truist Financial increased their target price 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. Finally, StockNews.com began coverage on shares of Whitestone REIT in a report on Sunday, October 27th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Insider Activity at Whitestone REIT

In other Whitestone REIT news, Director Julia Bruns Buthman bought 5,000 shares of Whitestone REIT stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of $12.99 per share, with a total value of $64,950.00. Following the acquisition, the director now directly owns 8,093 shares of the company’s stock, valued at $105,128.07. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.50% of the stock is owned by company 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.