Whitestone REIT (NYSE:WSR) Announces Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Whitestone REIT (NYSE:WSR) released its earnings results on Wednesday. The real estate investment trust reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.17), Fidelity Earnings reports. Whitestone REIT had a return on equity of 5.90% and a net margin of 16.17%. The company had revenue of $29.58 million for the quarter, compared to analyst estimates of $30.16 million.

Shares of Whitestone REIT stock traded down $0.36 on Friday, hitting $12.46. The stock had a trading volume of 448,100 shares, compared to its average volume of 295,775. Whitestone REIT has a 52-week low of $11.50 and a 52-week high of $14.65. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.79. The firm has a market cap of $505.28 million, a PE ratio of 10.75 and a beta of 1.01. The business has a 50 day moving average price of $12.74.

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Friday, August 2nd will be issued a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 9.15%. The ex-dividend date is Thursday, August 1st. Whitestone REIT’s payout ratio is currently 98.28%.

Several research firms recently commented on WSR. Zacks Investment Research reissued a “hold” rating on shares of Whitestone REIT in a research note on Saturday, July 20th. Maxim Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Whitestone REIT in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $14.25.

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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Earnings History for Whitestone REIT (NYSE:WSR)

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