Whitestone REIT (NYSE:WSR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Whitestone REIT (NYSE:WSR) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 research firms recently commented on WSR. Weiss Ratings restated a “buy (b-)” rating on shares of Whitestone REIT in a research report on Monday, December 22nd. Truist Financial lifted their price objective on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $15.50.

Whitestone REIT Trading Up 0.3%

The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.74 and a current ratio of 1.74. The stock 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 50-day simple moving average of $13.13 and a 200-day simple moving average of $12.70.

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

Whitestone REIT Dividend Announcement

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 given 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 is Monday, March 16th. Whitestone REIT’s dividend payout ratio is presently 63.53%.

Whitestone REIT announced that its board has approved a stock buyback plan on Friday, December 19th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are usually a sign 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.