Whitestone REIT (NYSE:WSR) announced a monthly dividend on Friday, December 15th, Wall Street Journal reports. Shareholders of record on Monday, February 5th will be given a dividend of 0.095 per share by the real estate investment trust on Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date of this dividend is Friday, February 2nd.

Whitestone REIT has a payout ratio of 111.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Whitestone REIT to earn $1.07 per share next year, which means the company may not be able to cover its $1.14 annual dividend with an expected future payout ratio of 106.5%.

Whitestone REIT (NYSE WSR) traded down $0.15 during midday trading on Friday, hitting $14.52. 214,800 shares of the company’s stock were exchanged, compared to its average volume of 403,634. The company has a market capitalization of $564.60, a PE ratio of 11.28 and a beta of 1.02. Whitestone REIT has a 12-month low of $10.80 and a 12-month high of $14.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.87.

Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $33.70 million for the quarter, compared to analysts’ expectations of $32.78 million. Whitestone REIT had a net margin of 5.77% and a return on equity of 2.22%. The company’s revenue was up 32.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. analysts expect that Whitestone REIT will post 1.02 EPS for the current year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Whitestone REIT from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. B. Riley reiterated a “buy” rating and set a $15.00 price target on shares of Whitestone REIT in a report on Tuesday. ValuEngine lowered shares of Whitestone REIT from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Whitestone REIT in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Whitestone REIT has an average rating of “Buy” and a consensus price target of $14.75.

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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.

Dividend History for Whitestone REIT (NYSE:WSR)

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