Whitestone REIT (NYSE:WSR) will post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Whitestone REIT to post earnings of $0.09 per share for the quarter. Whitestone REIT has set its FY17 guidance at $1.29-$1.34 EPS.

Whitestone REIT (NYSE:WSR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The company had revenue of $30.20 million during the quarter, compared to analysts’ expectations of $30.68 million. Whitestone REIT had a return on equity of 1.69% and a net margin of 4.36%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. On average, analysts expect Whitestone REIT to post $0.28 EPS for the current fiscal year and $0.41 EPS for the next fiscal year.

Whitestone REIT (WSR) opened at 13.62 on Wednesday. The stock has a market capitalization of $524.68 million, a PE ratio of 94.58 and a beta of 0.94. The stock’s 50 day moving average price is $13.23 and its 200 day moving average price is $12.71. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $14.78.

The firm also recently declared a monthly dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, November 3rd will be given a $0.095 dividend. This represents a $1.14 annualized dividend and a yield of 8.37%. The ex-dividend date of this dividend is Thursday, November 2nd. Whitestone REIT’s dividend payout ratio is currently 876.99%.

In other news, Director Paul T. Lambert acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were bought at an average price of $12.29 per share, with a total value of $36,870.00. Following the acquisition, the director now owns 51,918 shares of the company’s stock, valued at $638,072.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.29% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/25/whitestone-reit-wsr-to-release-earnings-on-wednesday.html.

WSR has been the topic of several recent research reports. Zacks Investment Research raised Whitestone REIT from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. ValuEngine raised Whitestone REIT from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised Whitestone REIT from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a report on Friday, August 18th. Finally, FBR & Co reissued an “outperform” rating and set a $14.00 price objective on shares of Whitestone REIT in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $14.67.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust. The Company is engaged in owning and operating commercial properties in culturally diverse markets in various metropolitan areas. The Company’s acquisition targets are located in densely populated, culturally diverse neighborhoods, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.

Earnings History for Whitestone REIT (NYSE:WSR)

Receive News & Ratings for Whitestone REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitestone REIT and related companies with MarketBeat.com's FREE daily email newsletter.