Whitestone REIT Declares Monthly Dividend of $0.04 (NYSE:WSR)

Whitestone REIT (NYSE:WSR) announced a monthly dividend on Tuesday, September 14th, Wall Street Journal reports. Investors of record on Monday, October 4th will be given a dividend of 0.0358 per share by the real estate investment trust on Thursday, October 14th. This represents a $0.43 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Friday, October 1st.

Whitestone REIT has decreased its dividend payment by 47.4% over the last three years. Whitestone REIT has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Whitestone REIT to earn $0.93 per share next year, which means the company should continue to be able to cover its $0.43 annual dividend with an expected future payout ratio of 46.2%.

WSR stock opened at $9.78 on Wednesday. The company has a market cap of $418.37 million, a price-to-earnings ratio of 40.75 and a beta of 1.42. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.68. The business has a fifty day simple moving average of $9.05 and a 200-day simple moving average of $9.11. Whitestone REIT has a 52 week low of $5.62 and a 52 week high of $10.43.

Whitestone REIT (NYSE:WSR) last issued its quarterly earnings results on Tuesday, August 3rd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.11). Whitestone REIT had a return on equity of 2.53% and a net margin of 8.84%. As a group, analysts expect that Whitestone REIT will post 0.87 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Whitestone REIT from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, August 11th.

Whitestone REIT Company Profile

Whitestone REIT engages in the operation of commercial properties in culturally diverse markets of major metropolitan areas. The company was founded on August 20, 1998 and is headquartered in Houston, TX.

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Dividend History for Whitestone REIT (NYSE:WSR)

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