Brokerages expect that Whitestone REIT (NYSE:WSR) will report sales of $33.59 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Whitestone REIT’s earnings, with the lowest sales estimate coming in at $33.18 million and the highest estimate coming in at $33.90 million. Whitestone REIT posted sales of $28.37 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.4%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, March 1st.
On average, analysts expect that Whitestone REIT will report full-year sales of $33.59 million for the current fiscal year, with estimates ranging from $125.31 million to $126.02 million. For the next year, analysts forecast that the firm will post sales of $137.72 million per share, with estimates ranging from $135.69 million to $141.40 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Whitestone REIT.
WSR has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Whitestone REIT from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a report on Thursday, November 30th. SunTrust Banks set a $13.00 price target on shares of Whitestone REIT and gave the company a “hold” rating in a report on Monday, January 22nd. Finally, B. Riley reissued a “buy” rating and issued a $15.00 price target on shares of Whitestone REIT in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $14.40.
Shares of Whitestone REIT (NYSE WSR) traded down $0.09 during midday trading on Friday, reaching $12.12. 233,274 shares of the company’s stock were exchanged, compared to its average volume of 301,994. Whitestone REIT has a 52 week low of $10.80 and a 52 week high of $15.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.87. The firm has a market cap of $466.46, a P/E ratio of 67.33 and a beta of 0.92.
The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were issued a dividend of $0.095 per share. The ex-dividend date was Friday, February 2nd. This represents a $1.14 annualized dividend and a yield of 9.41%. Whitestone REIT’s payout ratio is presently 633.33%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC acquired a new stake in Whitestone REIT during the 2nd quarter worth about $101,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Whitestone REIT during the 4th quarter worth about $108,000. First Trust Advisors LP acquired a new stake in Whitestone REIT during the 3rd quarter worth about $131,000. Advisor Group Inc. raised its holdings in Whitestone REIT by 147.4% during the 2nd quarter. Advisor Group Inc. now owns 14,840 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 8,841 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Whitestone REIT during the 3rd quarter worth about $189,000. Hedge funds and other institutional investors own 54.89% of the company’s stock.
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About Whitestone REIT
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.
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