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

Whitestone REIT (NYSE:WSR) – Equities research analysts at B. Riley issued their Q3 2024 earnings per share estimates for shares of Whitestone REIT in a research report issued to clients and investors on Monday, September 16th. B. Riley analyst J. Massocca anticipates 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.

Several other brokerages have also recently issued reports on WSR. Truist Financial lifted their price objective on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price objective on shares of Whitestone REIT in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Whitestone REIT Stock Performance

NYSE WSR opened at $13.25 on Thursday. The stock has a 50-day moving average of $13.45 and a two-hundred day moving average of $12.75. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.93 and a quick ratio of 1.93. The company has a market cap of $663.30 million, a P/E ratio of 27.60, a P/E/G ratio of 2.16 and a beta of 1.27. Whitestone REIT has a 1-year low of $9.07 and a 1-year high of $14.48.

Insider Buying and Selling

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

Whitestone REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.0413 per share. This represents a $0.50 annualized dividend and a yield of 3.74%. The ex-dividend date is Tuesday, December 3rd. Whitestone REIT’s payout ratio is 104.17%.

About Whitestone REIT

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.