Wall Street brokerages forecast that Whitestone REIT (NYSE:WSR) will announce $34.48 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Whitestone REIT’s earnings, with the lowest sales estimate coming in at $33.90 million and the highest estimate coming in at $35.12 million. Whitestone REIT posted sales of $33.83 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The business is scheduled to announce its next earnings report on Thursday, March 7th.
According to Zacks, analysts expect that Whitestone REIT will report full year sales of $135.35 million for the current fiscal year, with estimates ranging from $134.00 million to $136.38 million. For the next financial year, analysts anticipate that the company will post sales of $141.81 million, with estimates ranging from $139.30 million to $146.02 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Whitestone REIT.
Whitestone REIT (NYSE:WSR) last announced its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.10. Whitestone REIT had a net margin of 10.59% and a return on equity of 4.08%. The company had revenue of $34.60 million for the quarter, compared to analyst estimates of $33.67 million.
Several equities research analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Whitestone REIT in a research report on Tuesday. Boenning Scattergood reiterated a “buy” rating on shares of Whitestone REIT in a research note on Friday, November 2nd. JMP Securities increased their price target on shares of Whitestone REIT from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Zacks Investment Research cut shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 21st. Finally, ValuEngine upgraded shares of Whitestone REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Whitestone REIT has a consensus rating of “Hold” and a consensus price target of $13.58.
Shares of NYSE:WSR opened at $13.90 on Friday. Whitestone REIT has a 52 week low of $10.06 and a 52 week high of $15.15. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $556.82 million, a price-to-earnings ratio of 11.12 and a beta of 0.99.
The company also recently declared a monthly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, December 4th will be paid a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date is Monday, December 3rd. Whitestone REIT’s dividend payout ratio is currently 91.20%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Whitestone REIT during the 2nd quarter worth about $115,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Whitestone REIT during the 2nd quarter worth about $149,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Whitestone REIT during the 2nd quarter worth about $176,000. Independent Advisor Alliance acquired a new stake in shares of Whitestone REIT during the 2nd quarter worth about $185,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Whitestone REIT during the 2nd quarter worth about $207,000. Institutional investors own 49.75% of the company’s stock.
Whitestone REIT Company Profile
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 provide daily necessities, needed services and entertainment to the communities in which they are located.
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