Analysts expect that Whitestone REIT (NYSE:WSR) will report sales of $33.52 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Whitestone REIT’s earnings. The highest sales estimate is $33.64 million and the lowest is $33.40 million. Whitestone REIT reported sales of $30.21 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11%. The firm is scheduled to announce its next earnings report on Wednesday, August 1st.
On average, analysts expect that Whitestone REIT will report full year sales of $134.87 million for the current fiscal year, with estimates ranging from $134.10 million to $135.64 million. For the next fiscal year, analysts anticipate that the business will post sales of $139.96 million per share, with estimates ranging from $139.20 million to $140.72 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Whitestone REIT.
Get Whitestone REIT alerts:WSR has been the topic of several recent analyst reports. Maxim Group dropped their price objective on Whitestone REIT from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, March 5th. B. Riley set a $13.00 price objective on Whitestone REIT and gave the company a “buy” rating in a research report on Monday, March 5th. ValuEngine raised Whitestone REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised Whitestone REIT from a “sell” rating to a “hold” rating in a research report on Saturday, May 5th. Finally, JMP Securities dropped their price objective on Whitestone REIT from $15.00 to $13.00 and set a “market outperform” rating on the stock in a research report on Thursday, March 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.20.
Shares of Whitestone REIT traded up $0.17, hitting $12.49, during trading on Monday, MarketBeat.com reports. 411,028 shares of the company’s stock traded hands, compared to its average volume of 338,839. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13 and a quick ratio of 1.13. Whitestone REIT has a 1 year low of $10.06 and a 1 year high of $15.15. The stock has a market capitalization of $490.27 million, a PE ratio of 9.99 and a beta of 1.04.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 12th. Stockholders of record on Tuesday, July 3rd will be paid a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 9.13%. The ex-dividend date is Monday, July 2nd. Whitestone REIT’s dividend payout ratio (DPR) is currently 91.20%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of Whitestone REIT in the fourth quarter worth about $108,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Whitestone REIT by 277.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 13,200 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 9,700 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Whitestone REIT in the fourth quarter worth about $193,000. Virtu Financial LLC bought a new position in shares of Whitestone REIT in the fourth quarter worth about $204,000. Finally, We Are One Seven LLC bought a new position in shares of Whitestone REIT in the fourth quarter worth about $241,000. 51.70% of the stock is currently owned by hedge funds and other institutional investors.
About Whitestone REIT
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality ?E-commerce resistant? neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone's mix of national, regional and local tenants provides daily necessities, needed services and entertainment not typically readily available online to their respective communities.
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