Whitestone REIT (NYSE:WSR) Sets New 12-Month High – Here’s Why

Whitestone REIT (NYSE:WSR)’s share price hit a new 52-week high on Wednesday . The company traded as high as $16.62 and last traded at $16.5650, with a volume of 295552 shares changing hands. The stock had previously closed at $16.47.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WSR. Truist Financial boosted their price target on Whitestone REIT from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Cantor Fitzgerald raised Whitestone REIT to a “strong-buy” rating in a research note on Wednesday, February 4th. Maxim Group reiterated a “hold” rating on shares of Whitestone REIT in a report on Monday, March 2nd. Citigroup reissued a “market outperform” rating on shares of Whitestone REIT in a research report on Tuesday, January 6th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Whitestone REIT in a report on Tuesday, January 13th. They issued a “buy” rating and a $17.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Whitestone REIT has an average rating of “Buy” and a consensus target price of $16.80.

Whitestone REIT Trading Up 0.6%

The business’s 50-day moving average is $14.90 and its two-hundred day moving average is $13.62. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $851.28 million, a PE ratio of 17.44 and a beta of 0.77.

Whitestone REIT (NYSE:WSR) last released its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.28 by $0.15. The company had revenue of $43.92 million for the quarter, compared to analyst estimates of $41.27 million. Whitestone REIT had a return on equity of 11.23% and a net margin of 31.04%.Whitestone REIT has set its FY 2026 guidance at 1.100-1.140 EPS. On average, analysts predict that Whitestone REIT will post 0.99 earnings per share for the current year.

Whitestone REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.1425 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.4%. Whitestone REIT’s dividend payout ratio (DPR) is 60.00%.

Whitestone REIT announced that its Board of Directors has approved a stock repurchase plan on Friday, December 19th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 7.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Whitestone REIT Company Profile

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.