B. Riley Comments on Whitestone REIT’s Q3 2024 Earnings (NYSE:WSR)

Whitestone REIT (NYSE:WSR) – Research analysts at B. Riley issued their Q3 2024 earnings per share (EPS) estimates for Whitestone REIT in a research note issued on Monday, September 16th. B. Riley analyst J. Massocca expects that the real estate investment trust will post earnings of $0.24 per share for the quarter. The consensus estimate for Whitestone REIT’s current full-year earnings is $1.03 per share. B. Riley also issued estimates for Whitestone REIT’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $0.99 EPS and FY2025 earnings at $1.03 EPS.

A number of other research analysts have also issued reports on the company. Truist Financial boosted their target price on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Whitestone REIT Trading Down 0.4 %

NYSE:WSR opened at $13.25 on Thursday. The firm has a market cap of $663.30 million, a P/E ratio of 27.60, a PEG ratio of 2.16 and a beta of 1.27. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.57. The stock’s 50 day simple moving average is $13.45 and its 200-day simple moving average is $12.75. Whitestone REIT has a 12-month low of $9.07 and a 12-month high of $14.48.

Insider Buying and Selling at Whitestone REIT

In other Whitestone REIT news, Director Julia Bruns Buthman bought 5,000 shares of Whitestone REIT stock in a transaction on Wednesday, September 4th. The stock was bought at an average price of $12.99 per share, with a total value of $64,950.00. Following the completion of the acquisition, the director now owns 8,093 shares in the company, valued at $105,128.07. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.50% of the stock is owned by corporate insiders.

Whitestone REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0413 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Tuesday, December 3rd. Whitestone REIT’s dividend payout ratio (DPR) is currently 104.17%.

Whitestone REIT Company Profile

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities.