Whitestone REIT (NYSE:WSR) announced a dividend on Thursday, December 14th, NASDAQ reports. Investors of record on Tuesday, January 2nd will be given a dividend of 0.095 per share by the real estate investment trust on Thursday, January 11th. The ex-dividend date is Friday, December 29th.

Whitestone REIT has a dividend payout ratio of 111.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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) opened at $14.52 on Friday. Whitestone REIT has a 1 year low of $10.80 and a 1 year high of $14.98. The stock has a market capitalization of $564.60, a price-to-earnings ratio of 11.28 and a beta of 1.02. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.82 and a current ratio of 0.82.

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

WSR has been the topic of several research analyst reports. Zacks Investment Research cut Whitestone REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. ValuEngine cut Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Whitestone REIT in a research report on Thursday, November 30th. Finally, B. Riley reiterated a “buy” rating and set a $15.00 price target on shares of Whitestone REIT in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $14.75.

WARNING: This piece was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/15/whitestone-reit-wsr-announces-dividend-of-0-10.html.

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)

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.