Whitestone REIT (NYSE:WSR) Research Coverage Started at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH began coverage on shares of Whitestone REIT (NYSE:WSR) in a research report report published on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $17.00 price objective on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on WSR. Citigroup reissued a “market outperform” rating on shares of Whitestone REIT in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday, December 29th. Finally, Truist Financial lifted their price target on Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $16.00.

Whitestone REIT Trading Up 0.7%

Shares of Whitestone REIT stock opened at $14.09 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.74 and a quick ratio of 1.74. The business has a fifty day simple moving average of $13.54 and a two-hundred day simple moving average of $12.84. Whitestone REIT has a 1 year low of $11.43 and a 1 year high of $14.77. The company has a market capitalization of $718.87 million, a price-to-earnings ratio of 16.58 and a beta of 0.81.

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

Whitestone REIT declared that its Board of Directors has approved a stock repurchase plan on Friday, December 19th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Whitestone REIT Announces Dividend

The company 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 $0.1425 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.57 annualized dividend and a dividend yield of 4.0%. Whitestone REIT’s payout ratio is presently 63.53%.

About Whitestone REIT

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.