Whitestone REIT (NYSE:WSR) Shares Pass Above 200 Day Moving Average – Here’s Why

Whitestone REIT (NYSE:WSR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.70 and traded as high as $13.76. Whitestone REIT shares last traded at $13.7350, with a volume of 125,868 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WSR shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday. Truist Financial lifted their target price on Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $15.50.

Whitestone REIT Trading Up 0.3%

The company’s 50 day simple moving average is $13.13 and its 200-day simple moving average is $12.70. The firm has a market cap of $700.76 million, a P/E ratio of 16.16 and a beta of 0.82. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.44.

Whitestone REIT (NYSE:WSR) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Whitestone REIT had a return on equity of 10.10% and a net margin of 28.16%.The firm had revenue of $41.05 million for the quarter, compared to analysts’ expectations of $39.21 million. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. As a group, research analysts predict that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

Whitestone REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, March 16th. Whitestone REIT’s payout ratio is currently 67.06%.

Whitestone REIT announced that its board has initiated a stock repurchase plan on Friday, December 19th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.